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Gold continues to gyrate either side of........>

GOLD
GOLD: Gold continues to gyrate either side of $1300.
- Attempts to rally remain capped by the 200-DMA ($1307.4) despite daily studies
correcting their oversold condition. Bulls still need a close above $1310.5 to
confirm breaks of 21 & 200-DMAs and shift initial focus to $1319.7-1325.4 where
55 & 100-DMAs & the 21-WMA are noted. Bears continue to look for a close below
the 100-WMA ($1277.1) to target the 200-WMA ($1234.3).
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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