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The yellow metal edged higher, printing........>

GOLD: The yellow metal edged higher, printing gains of around $4/oz in spot
dealing as risk aversion was evident. 
- From a technical perspective the bounce from ahead of the 100-DMA and a dip
below the Bollinger base ($1306.6) is a concern for bears and could signal the
end of the correction from $1361.8 Feb highs. Bulls still need a close above
$1330.0 to gain breathing room and above $1351.3 to shift focus back to
$1367.3-1374.9 where 2016 highs are noted. Bears need a close below the 100-DMA
to hint at a move back to $1235.9 Dec lows.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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