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Gold stuck to a tight range and last trades....>

GOLD
GOLD: Gold stuck to a tight range and last trades back below $1300/oz after a
brief look above the figure supported by the worry stemming from the weekend's
G7 summit.
- Gold's pops above the 21-DMA ($1296.3) have lacked follow through thus far
with the 200-DMA ($1307.1) just above. Bulls need a close above $1310.5 to
confirm breaks of 21 & 200-DMAs and shift initial focus to $1316.5-1326.6 where
the 55 & 100-DMAs & the 21-WMA are noted. Bears continue to look for a close
below the 100-WMA to target $1233.4-1234.3 where the 200-WMA and long term trend
line off late Dec 2015 lows are found.
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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