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GOLD: In commodities, spot gold was closing near $1,322.35 per ounce, after
trading in a $1,298.46 to $1,323.70 range. Gold posted a high of $1,326.89
- This week's decisive closes above $1,300 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.
- OUTLOOK: The $1295.5 support confirmed significance with gold bouncing
aggressively form a dip back towards this level Thursday. The recovery from
Thursday lows sees immediate pressure back on the $1326.1-1352.6 region where
2017 & monthly highs and the daily bull channel top are situated. The Bollinger
top ($1322.0) is the key concern for bulls. Bears now need a close below $1213.7
to ease bullish pressure.