March 30 —Gold prices are weaker in early trading action Monday as the market retreats from a key resistance zone around $1,220-$1,223 per ounce, basis June Comex futures. The gold market’s inability to pierce the $1,223.70 high from March 2 last week is a near term bearish signal and leaves the metal vulnerable to additional weakness. Overall, however, on a multi-month basis, gold prices continue to trade within a large neutral range.
