Gold has gained significantly once more on.....>

GOLD: Gold has gained significantly once more on the Asia-Pac session, last at

$1280.18. Coming into the session it spiked on expectations from news outlets

that Jerome Powell will be chosen for Fed chair come 3pm ET tomorrow when Pres.

Trump is scheduled to announce his final decision, Jerome Powell is widely

understood to support current Fed chair Janet Yellen's 'dovish' stance on

withdrawal of stimulus. 

- Another event effecting the rising price of our precious yellow metal in

Thursday's Asia-Pac session would be the agreement of further sanctions on N.

Korea from U.S. Senators and further insight from CNN sources reporting N. Korea

is working on an advanced missile that will reach the U.S. 

- MNI Technical analysis sees support at $1272.5 - Hourly support Nov 1 and

resistance at $1281.4 - 21-DMA. Hesitation ahead of the 200-DMA continues and

sees pressure back on the 21-DMA. Bulls continue to look for a close above

$1283.7 to confirm a break of the 21-DMA, easing bearish pressure & initially

correcting back to $1291.1-1296.8 where the 55-DMA is found.