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Gold lost around $2 to trade at $1,330/oz......>

GOLD
GOLD: Gold lost around $2 to trade at $1,330/oz overnight after the yellow metal
rallied as the FOMC median projection (just about) stuck to 3 hikes in 2018.
- Support emerging on dips back towards the 100-DMA has provided the base for an
aggressive break of key DMAs with focus having returned to layers of resistance
$1340.7-1351.3. The Bollinger top is the key concern for bulls. Layers of
support have been left in the wake with bears now needing a close below $1318.3
to shift focus back to $1302.5-1306.2 where the 100-DMA is located.
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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