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GOLD: * Correct * (Changing the tag to Gold from Oil)
The yellow metal moved higher in early dealing, topping out around $1,340/oz in
spot dealing, before it eased to unchanged levels around $1,335/oz.
- The recovery from ahead of the 100-DMA and a dip below the Bollinger base
($1306.3) saw a close above the 21-DMA and $1330.1 resistance with immediate
focus back on $1351.3. Bulls need a close above this level to initially focus on
$1367.3-1374.9 where 2016 highs are noted. Bears look for a close below the
21-DMA to ease bullish pressure and below $1312.9 to pressure the 100-DMA.