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The precious yellow metal is trading at........>

GOLD
GOLD: The precious yellow metal is trading at similar levels seen this time last
year, the same time U.S. President Trump was elected, Gold last at $1278.50 and
on the rise after U.S. President Trump addressed the South Korean people.
President Trump focused heavily on N. Korea in his address, passionately
expressing his distaste for the N. Korean regime, calling it a 'cult, 'a dark
fantasy' and 'hell,' he made some strong statements for future movements too,
saying.. "it is our duty to confront this danger and the world cannot tolerate
the menace of a rogue regime."
- MNI technical analysis sees support at $1271.8 - Low Nov 7 and resistance at
$1284.1 - High Nov 2. Hesitation ahead of the 200-DMA continues which is less
than ideal for bears as pressure returns to the $1284.1 resistance. Bulls need a
close above $1284.1 to shift initial focus to $1291.1-1295.7 where the 55-DMA is
found and above $1306.0 to initially target $1320.0. Bears continue to look for
a close below the 200-DMA to add weight to their case for a test of the bull
channel base ($1253.1).

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