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Precious Gold is extending losses made on......>

GOLD
GOLD: Precious Gold is extending losses made on the overnight, last at $1269.76.
President Trump, during his trip to Japan this weekend, made strong statements
aimed at N. Korea and Kim Jong-Un's regime, contributing to already rising
tensions, he said after surveying the Japanese troops, "Together with our
allies, America's warriors are prepared to defend our nation using the full
range of our unmatched capabilities."
- On the overnight Gold dropped after the probability of a Dec rate hike rose
(to 92.3% on Bloomberg,) mixed payrolls data showed a lower than anticipated
+261k jobs in October as effects of hurricane season showed reversal, Wall
Street Indices closed higher and the dollar remained strong.
- MNI technical analysis sees support at $1265.2 - Low Nov 3 and resistance at
$1284.1 - High Nov 2. Hesitation ahead of the 200-DMA continues which is less
than ideal for bears although failures around the 21-DMA ($1281.2) provide bears
comfort and retain focus on $1243.8-1251.4 where the channel base is noted.

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