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Bears Looking For A Sustained Break

GOLD

The yellow metal has hugged a tight range in Asia-Pac hours, last dealing little changed, just shy of $1,880/oz. This comes after the uptick in the USD and real yields pressured spot bullion through the October 7 low/key near-term support on Wednesday, although the move wasn't sustained on a closing basis. Bears will now look for convincing break below yesterday's low to open the way to the Sep 28 low and bear trigger at $1,848/oz.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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