Gold edged lower in Asia-Pacific dealing.......>

GOLD: Gold edged lower in Asia-Pacific dealing shedding $3 to trade at $1311/oz.

Traders await US President Trump's impending decision on the Iranian nuclear

accord, which is due on Tuesday, even though most expect the US to walk away

from the deal. It is worth noting that a report from the NYT suggested that "EU

leaders have been unable to convince Trump on the Iran deal", while an earlier

NYT report noted that it "was unclear whether he would moderate that move,

perhaps by allowing the European nations to move ahead with their economic

relations with Tehran without being penalized by the United States."

- Recent 2018 & 5 month lows saw gold flirting with the 200-DMA ($1305.0) and

bears now needing a close below 2018 lows to confirm traction below and add

weight to the case for a test of the 200-WMA ($1234.5) and Dec low ($1235.9).

The $1332.6 resistance remains key this week. Bulls need a close above this

level to shift focus back to $1355.7-1366.1 where 2018 highs are found.