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The yellow metal operated in a tight range.....>

GOLD
GOLD: The yellow metal operated in a tight range overnight, last dealing around
$1250/oz. 
- Fresh 2018 lows made last week added weight to the bearish case targeting
tests of the 200-WMA and long term rising trend line off of 2015 lows around
$1237.9. The Bollinger base ($1240.8) and oversold daily studies looking to
correct remain the key concern for bears. Bulls still look for a close above
$1262.7 to gain breathing room and above $1284.1 to return pressure to
$1292.2-1310.5 where 55 & 200-DMAs are noted.
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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