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As the U.S and South Korea join together to....>

GOLD
GOLD: As the U.S and South Korea join together to organise a drill in
preparation for further provocations from N. Korea gold reaches 3 week highs.
The increase in the commodity also comes as India prepares for its glittering
Diwali festival. The yellow metal was last at $1302.51.
- MNI Technical analysis sees support at $1298.3 - Hourly resistance Oct 13 now
support and resistance at $1304.2 - Hourly resistance Oct 16 The break of
$1296.4 gained momentum Friday with bulls now targeting $1313.6-1320.0. A close
above $1320.0 is needed to shift focus to $1357.5 Sept highs. Support layers are
building with bears now needing a close below $1289.6 to ease bullish pressure
and below $1277.6 to shift focus back to $1243.7-1260.5 where the 200-DMA
($1256.2) and bull channel base are situated.

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