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Gold benefitted from source reports which......>

GOLD
GOLD: Gold benefitted from source reports which suggested that US President
Trump has all but decided to withdraw from the Iran nuclear deal, adding $5 to
trade at $1309/oz, with technical support also helping the precious metal.
- Fresh 2018 & 5 month lows see gold flirting with the 200-DMA ($1304.5) and
focus now on the 55-WMA ($1291.6). Bears look for a close below the 55-WMA to
add weight to the case for a test of the 200-WMA ($1234.6) and Dec low
($1235.9). Bulls now need a close above the May 01 high ($1316.3) to gain
breathing room and hint at a correction back to $1326.6-1332.6 where the 55 &
21-DMAs 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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