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Gold is slightly lower in Asia-Pac trade on....>

GOLD
GOLD: Gold is slightly lower in Asia-Pac trade on Monday, the yellow metal last
down $0.31 at $1292.11, but holds near the highest levels in a month that were
hit late in trade on Friday.
- The focus is on political turmoil in Asia after news that German coalition
talks fell apart on Sunday night and the US government continue to wrangle over
the tax bill.
- Golds marginal decline comes as DXY rises to 93.960 in Asia after closing on
Friday at around 93.66, stocks though are on the back foot in Asia, all major
indices in negative territory and US futures also in the red.
- MNI technical analysis sees support at $1289.1 - High Nov 15 now support,
resistance is seen at $1297.0 - Hourly Nov 17. Having found support ahead of the
200-DMA ($1264.7) in recent weeks bulls take comfort in Friday's close above the
55-DMA ($1291.7) with focus now having shifted to layers of resistance
$1306.0-1320.0.

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