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The yellow metal operated within a $3 range....>

GOLD
GOLD: The yellow metal operated within a $3 range overnight.
- Bears took comfort in the topside failure around the 200-WMA ($1234) to start
the new week although failure to trouble 2018 lows is less than ideal with daily
studies correcting from oversold. Bulls still need a close above the July 13 low
($1236.6) to gain breathing room. Bears initially remain focused on the month to
date low ($1204.6) while $1236.6 caps.
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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