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Gold managed to register gains of just over....>

GOLD
GOLD: Gold managed to register gains of just over $1 to trade at $1292/oz in
Asia-Pacific dealing.
- Fresh 2018 lows lacked follow through on Monday which is a concern for bears
given that daily studies are approaching oversold territory. In saying that,
layers of resistance remain with bulls needing a close above the May 01 low
($1301.5) to gain breathing room and above the 200-DMA ($1306.9) to hint at a
correction higher. While $1301.5 caps bears maintain focus on $1268.9-1277.5
where the 100-WMA is situated.
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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