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The Yellow metal meandered below $1230/oz......>

GOLD
GOLD: The Yellow metal meandered below $1230/oz overnight, struggling for
direction.
- Flirtation with the long term rising trend line off 2015 lows ($1242.5) and
pressure on the 200-WMA ($1234.0) have taken their toll with gold now gaining
traction below the 200-WMA and bears focused on $1204.6 July 2017 lows. The
Bollinger base ($1228.6) is the key concern for bears with potential to limit
follow through. Bulls now need a close above $1236.6 to gain breathing room.
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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