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Gold has followed the gyrations in the USD,....>

GOLD
GOLD: Gold has followed the gyrations in the USD, and ran out of steam in front
of the low from July 13 ($1236.6), and last trades $5 or so from that level.
- Bears took comfort in the topside failure around the 200-WMA to start the new
week although failure to trouble 2018 lows is less than ideal with daily studies
correcting from oversold. Bulls still need a close above $1236.6 to gain
breathing room and above $1260.2 to return initial focus to $1270.5-1272.6 where
the 100-WMA is noted. Bears remain focused on $1204.6 while $1236.6 caps.
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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