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

GOLD: In commodities, spot gold held near $1,321.35 per ounce, after trading in

a $1,319.88 to $1,334.42 range.

- Gold bottomed at $1,315.80 Thursday. Support is seen at the psychological

$1,300 mark and the August 31 low is $1,298.46.

- 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 gold pullback, the market still saw 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: Bulls took comfort in the bounce from the 21-DMA Thursday but

pressure returning to this level Friday is less than ideal. Daily studies have

corrected back to more neutral levels with bulls now needing a close above

$1334.8 to gain breathing room and above $1342.1 to shift initial focus to tests

of $1375.2 2016 highs. Bears now need a close below $1313.7 to confirm a break

of the 21-DMA and below $1295.5 to target the 55-DMA ($1275.71).