The yellow metal pulled back from session......>

GOLD: The yellow metal pulled back from session highs just shy of $1,337/oz in

Asia, and last sits a $1 or so softer at $1,332/oz as the precious metal had few

catalysts to trade off of overnight.

- From a technical perspective the lack of follow through above the 21-DMA

($1334.0) and rejection ahead of the $1344.7-1351.3 region is less than ideal

for bulls who need a close above $1251.3 to target $1367.3-1374.9. Bears now

need a close below Friday's $1325.5 low to gain breathing room and below the

55-DMA to confirm initial focus on $1299.6-1305.9 where the 100-DMA is noted.

Below the 200-DMA ($1285.9) then targets Dec lows ($1235.9).