The dollar gained as the U.S. Senate...........>

GOLD: The dollar gained as the U.S. Senate announced their approval of the

budget, meaning positive steps towards Pres. Trumps promised tax cuts. As the

dollar and yields climbed, our precious metal steeply declined heading for it's

fifth weekly drop in six weeks. Thursday ET it was said that Pres. Trump was

favouring Powell for Fed chair and U.S. stocks climbed.

- LEVELS: Gold was last trading at $1284.61, down $5.51.

- On the overnight gold climbed amid tension in the Spanish Catalonian Crisis

and N. Korea.

- MNI Technical analysis sees support at $1275.4 - 100-DMA and resistance at

$1291.1 - Hourly resistance Oct 19. Pressure on the 100-DMA has so far failed to

produce the close below needed to see bears confirm focus on tests of

$1243.4-1260.1 where the daily bull channel base ($1245.9) and 200-DMA ($1257.9)

are noted. Bulls now look for a close above $1291.1to ease immediate bearish

pressure and above $1306.0 to pressure $1313.6-1320.0, Daily studies remain well

placed for further losses.