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CROSS ASSET

Equities spill over into Bond and FX

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  • Gold grinding higher still after the London close, with spot now above both the 50- and 200-dma resistance levels of 1829.9 and 1821.0 respectively.
  • July highs sit just above at 1834.1 and mark the bull trigger. A break and close above here opens 1853.3 Fib level, marks the 61.8% retracement for the Jun 1 - 29 decline.