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The yellow metal failed to mount a notable.....>

GOLD
GOLD: The yellow metal failed to mount a notable challenge of $1250/oz, and
trades virtually unchanged.
- Bears look for a close below the 200-WMA to confirm breaks of key supports and
initially target $1204.5. Daily studies are well placed for a fresh leg lower.
Bulls now need a close above $1260.2 to ease bearish pressure and to return
initial focus to $1272.6 where the 100-WMA is noted and above the 100-WMA to
initially target $1284.0-1292.1.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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