In commodities, spot gold was closing near.....>

GOLD: In commodities, spot gold was closing near $1,275.90 per ounce, after

trading in a $1,260.53 to $1,278.85 range. 

- On June 6, the precious metal posted a high of $1,296.15, but then stalled,

creating a double-top with the $1,295.56 high seen April 17. Subsequently, gold

moved lower as U.S. Treasury yields and the dollar recovered, bottoming July 10

near $1,204.90.

- OUTLOOK: Support emerging ahead of the 21-DMA Tuesday has resulted in pressure

returning to the key $1280.8 resistance. Bulls continue to look for a close

above this level to reconfirm the bullish bias and initially target retests of

2017 highs. Layers of support are building with bears now needing a close below

$1270.0 to ease immediate bullish pressure and below $1263.4 to shift focus back

to the 21-DMA.