Gold trade was extremely quiet in Asia.........>

GOLD: Gold trade was extremely quiet in Asia before U.S. President Trump went

live making a speech in China, saying China could fix the N. Korean problem and

said the U.S/China trade imbalances are one-sided and unfair... It was also

reported that China-U.S. business' signed deals totalling $234.4bln. The dollar

has slightly weakened and gold has risen, last at $1283.53.

- Gold pushed to a 3-Week high on the overnight after seeing a breakout from a

sideways trading range on the daily bar chart, causing technical buyers to step.

- MNI Technical analysis sees support at $1278.6 - Hourly support Nov 8 and

resistance at $1287.2 - High Nov 8. Hesitation ahead of the 200-DMA has seen

breaks of the 21-DMA ($1280.3) and bulls now needing a close above the 55-DMA to

hint at a move initially targeting $1320.0 with above $1306.0 to confirm. The

$1243.8 $1265.2 support region where the 200-DMA and channel base ($1253.8) are

located remains key. Bears need a close below $1243.8 to shift initial focus to

Sept lows ($1204.6) and overall focus to 2017 lows ($1146.0).