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Gold briefly traded under the 100-dma..........>

GOLD
GOLD: Gold briefly traded under the 100-dma ($1283.56) before basing ahead of
the Mar 7 low at $1280.95. The yellow metal has not closed below the 100-dma
since mid-November and will be key today. On the topside the 50% retracement of
$1294.68-1280.95 is placed at $1287.82, ahead of hourly resistance around the
$1292 level. A downside close would further cement the bearish trend, opening
channel base support at $1271.63. Last $1283.75.   

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