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Gold has gained again in the Asia-Pac..........>

GOLD
GOLD: Gold has gained again in the Asia-Pac session after 2 month lows seen on
Friday. The gains come ahead of the release of Fed minutes on Wednesday, amid
tension between the U.S and Turkey and also the creeping possibility of another
missile test from N. Korea. The yellow metal currently sits at $1,286.93 up $3.
- MNI technical analysis sees support at $1277.6 - Hourly resistance Oct 6 now
support and resistance at $1290.3 - High Sept 29, the lack of follow through on
2mth lows Friday was less than ideal given daily studies looking to correct from
O/S adding support to the case for a correction. Bulls again look for a close
above $1296.4 to shift initial focus back to $1313.6-1320.0. Initial support is
noted at $1277.6 with bears needing a close below to retain focus on
$1241.4-1253.7 where the bull channel base and 200-DMA are situated.

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