Gold is slightly higher in Asia-Pac trade,.....>

GOLD: Gold is slightly higher in Asia-Pac trade, the yellow metal last up $0.45

at $1,320.04. Gold has posted 4 consecutive weekly gains and has held near high

levels after the NFP report on Friday, the report missed estimates which kept

USD subdued and helped support gold.

- Trade was thin to begin the week with Japanese markets on holiday. 

- MNI technical analysis sees support at $1314.4 - Low Dec 5, resistance is seen

at $1334.8 - High Sept 13. Bulls took comfort in the close above $1321.3 that

reconfirmed dominance and focus on $1357.5-1374.9 where 2016 & 2017 highs are

situated. O/B daily studies remain the key concern for bulls. In saying that,

bears continue to look for a close below $1302.5 to ease bullish pressure and

below the 100-DMA to hint at a deeper sell-off back to Dec lows with below the

55-DMA ($1278.5) confirming.