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The yellow metal fell afoul of the risk on.....>

GOLD
GOLD: The yellow metal fell afoul of the risk on tone overnight, easing by
around $4.00 to trade at $1,318/oz.
- From a technical perspective the time spent above the 21-DMA was brief with
the correction lower Wednesday leaving gold looking a little heavy. Bears now
look for a close below $1312.9 to confirm a return in focus to $1288.7-1302.5
where 100 & 200-DMAs are situated. Bulls continue to look for a close above
$1351.3 to initially focus on $1367.3-1374.9 where 2016 highs are noted. Daily
studies are well placed for gains.
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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