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Gold added $3 to trade at $1352/oz. - Bulls....>

GOLD
GOLD: Gold added $3 to trade at $1352/oz.
- Bulls take comfort in support emerging on dips back towards 21- ($1338.9) &
55- ($1331.7) DMAs although the topside hesitation ahead of the Bollinger top
(1357.0) is a concern. Bulls now focus on $1366.0-1391.8 where 2018, 2016 & 2014
highs are located. Layers of support remain between 1317.0-1338.9. Bears look
for a close below the bull channel base to hint at a shift lower in focus with
below the 100-DMA to target $1300.5-1302.5 where Mar lows and the 200-DMA are
noted.
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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