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The yellow metal paid more attention to the....>

GOLD
GOLD: The yellow metal paid more attention to the softer USD, than to the US
yield environment, last sitting just shy of USD 1,555/oz up around USD 5/oz on
the session. 
- The recovery from last week's dip back towards the 55-DMA saw an aggressive
break of the 21-DMA with focus now back on layers of resistance $1357.0-1374.9.
Bulls continue to look for a close above $1374.9 to confirm focus on
$1391.8-1433.3. Bears now need a close below $1345.5 to gain breathing room and
below the 21-DMA to shift focus back to $1302.5-1306.0.
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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