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Gold last deals a touch lower at $1224/oz,.....>

GOLD
GOLD: Gold last deals a touch lower at $1224/oz, sticking to a tight range
overnight.
- Bears took comfort in the topside failure around the 200-WMA ($1234.0) to
start the new week although failure to trouble 2018 lows is less than ideal with
daily studies correcting from oversold. Bulls still need a close above the low
from July 13 ($1236.6) to gain breathing room. Bears remain focused on the month
to date low ($1204.6) while $1236.6 caps.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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