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Gold is trading within a $0.17 range on the....>

GOLD
GOLD: Gold is trading within a $0.17 range on the Asia session but up almost $5
from yesterday's close in Asia as gold took a bid on the overnight after the
release of FOMC minutes which suggest that some policy makers would like to see
more gains in prices before they call for another interest rate hike this year
and some admitted concern for low inflation. These Asia-Pac session gains
represent a 5 day streak of upside, the longest period of consistent gains since
May. Gold is currently at $1293.73, hovering around 2 week highs. 
- MNI technical analysis sees support at $1284.5 - Low Oct 11 and resistance at
$1294.5 - 55-DMA Bulls need a close above $1296.4 to shift initial focus back to
$1313.6-1320.0. Initial support is noted at $1284.5 with bears needing a close
below to gain breathing room and below $1277.6 to return focus to $1242.5-1254.9
where the bull channel base and 200-DMA are situated.

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