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Gold added $2 to trade at $1315/oz, although...>

GOLD
GOLD: Gold added $2 to trade at $1315/oz, although its reaction to an increase
in the Iran-Israel tensions was limited.
- Gold continues to flirt with the 200-DMA ($1305.7) with bears needing a close
below the 2018 lows ($1301.5) to confirm traction below & add weight to the case
for a test of the 200-WMA ($1234.5). The $1332.6 resistance remains key this
week. Bulls need a close above the May 07 high ($1318.9) to gain breathing room
and above $1332.6 to shift focus back to $1355.7-1366.1 where 2018 highs are
found.
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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