In commodities, spot gold held near............>

GOLD: In commodities, spot gold held near $1,322.45 per ounce, after trading in

a $1,320.95 to $1,337.18 range. The earlier low is the lowest since Sept. 1,

when gold bottomed around $1,216.52.

- The $1,357.61 high seen Sept. 8, at the peak of U.S. dollar sales and risk

aversion, was the highest since August 16, 2016, when the precious metal peaked

at $1,358.21.

- Barring a larger pullback, there is still scope for gains toward the 2016

twin-peak highs of $1,375.28 and $1,375.34, seen July 6 and July 11

respectively.

- OUTLOOK: Fresh 2017 and 12mth highs lacked follow through Friday with bears

taking comfort in the gapping move lower Monday that eased bullish pressure and

now confirms focus on $1294.6-1313.7 where the 21-DMA is located. Below $1294.6

is needed to target 55 ($1272.7) & 100 ($1263.9) DMAs. Resistance layers are

building with bull needing a close above $1234.8 to ease bearish pressure and

above $1242.1 to target $1375.1 2016 highs. Daily studies are well placed for a

correction lower.