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As investors wait for Pres. Trump's decision...>

GOLD
GOLD: As investors wait for Pres. Trump's decision on Fed chair and central
banks prepare to meet this week, the dollar has strengthened and gold has
generally weakened. On the Asia-Pac session however gold has held higher levels
as spill off from the overnight session when gold took a bid of around $10 as
dollar slipped and 1.9mln ounces of gold traded in 5 minutes. Gold was last at
1282.85.
- ANZ Said on the overnight: "A stronger USD was the main culprit, although
safe-haven buying was also absent after the election victory for Japanese PM,
Shinzo Abe."
- MNI Technical analysis sees support at $1275.3 - 100-DMA and resistance at
$1285.9 - Hourly resistance Oct 20. Pressure on the 100-DMA has so far failed to
produce the close below needed to see bears confirm focus on tests of
$1243.4-1260.1 where the daily bull channel base ($1247.0) and 200-DMA ($1258.7)
are noted. Bulls need a close above $1291.1 to ease immediate bearish pressure
and above $1306.0 to pressure $1313.6-1320.0, Daily studies remain well placed
for further losses.

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