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Gold declined to two week lows on the..........>

GOLD
GOLD: Gold declined to two week lows on the Asia-Pac session but stayed
relatively flat after the decline as investors retreat from safe havens after
the U.S Senate passed the budget, paving way for tax reforms and the dollar and
stocks were boosted and Japanese Prime Minister Abe wins a two third majority in
the snap election Sunday. Gold was last at $1276.52, down $3.95.
- MNI technical analysis sees support at $1275.4 - 100-DMA and resistance at
$1285.9 - Hourly resistance Oct 20. Pressure on the 100-DMA has so far failed to
produce the close below needed to see bears confirm focus on tests of
$1243.4-1260.1 where the daily bull channel base ($1246.4) and 200-DMA ($1258.3)
are noted. Bulls now look for a close above $1291.1 to ease immediate bearish
pressure and above $1306.0 to pressure $1313.6-1320.0, Daily studies remain well
placed for further losses.

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