As the dollar continues to rise Gold falls,....>

GOLD: As the dollar continues to rise Gold falls, the dollar is still reaping

benefits from Trumps tax reforms last week, hawkish comments from the Fed on

Interest Rates and yesterday's strong U.S ISM Manufacturing data, out at 60.8

which is the highest its been since 1987 instilling optimism for global growth.

Gold began on the decline in the overnight session post news of the attack in

Las Vegas where over 50 people are now reported dead. The yellow metal is

currently sat at $1270.27, down $0.95.

- MNI technical analysis sees support at $1265.3 - High Aug 8 now support and

resistance at 1277.6 - Hourly resistance Oct 2, bears look for a close below

$1265.3 to confirm a break of the 100-DMA ($1272.2) and shift focus to

$1238.6-1250.0 where the bull channel base and 200-DMA are situated.