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

GOLD: In commodities, spot gold was closing near $1,285.30 per ounce, after

trading in a $1,282.10 to to $1,292.61 range. Gold topped out Monday at

$1,293.85.

- On August 18, gold vaulted various old highs from August and a double-top near

$1,296 from June and April to take out the psychological $1,300 mark to post a

high near $1,300.92 before backing off.

- A decisive close above $1,300 will target $1,337.38, the high seen Nov. 9, in

the wake of the U.S. election. The 2016 high was $1,375.34, seen July 11.

- The August 15-16 lows near $1,267-$1,268 will act as initial support.

- OUTLOOK: Fresh 2017 and 10mth highs Friday lacked follow through but the

bounce from ahead of $1277.7 saw bulls reconfirming dominance and pressure

remain on 2017 highs. The $1267.5-1277.7 support region remains key. Bears need

a close below $1277.7 to ease bullish pressure and below $1267.5 to confirm

break of the 21-DMA and bull channel base, shifting initial focus to 55 &

100-DMAs ($1254.9-1257.3).