GOLD: The commodity continues to hold on to its medium to longer term bias as it traded to another multi-year high at 1,265.05 on Jun 21'10. Though closing marginally lower, risk continues to point higher towards its psycho logical level at 1,300 level. A cut through that level will clear the way for a run at the 1,350 level, its psycho level followed by the 1,400 level and then the 1,450 level. Its weekly RSI is bullish and pointing higher supporting this view. On any pullback, support comes in at the 1,223.48 level, its Jun 23'10 low with a clearance of there pushing the commodity further lower towards its Jun 14'10 low at 1,215.95 ahead of its psycho level at 1,200.00. We expect the former to provide a strong support and push the commodity back up. Overall, with the commodity breaking through its 2010 high, further strength is expected towards the 1,300 level and beyond.