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The yellow metal stuck to a tight $2 range.....>

GOLD
GOLD: The yellow metal stuck to a tight $2 range sub-$1300/oz.
- Attempts to rally remain capped by the 200-DMA at $1307.4 despite daily
studies correcting their oversold condition. Bulls still need a close above
$1310.5 to confirm breaks of the 21 & 200-DMAs and shift initial focus to
$1319.6-1326.6 where 55 & 100-DMAs & the 21-WMA are noted. Bears continue to
look for a close below the 100-WMA ($1276.3) to target the 200-WMA ($1234.3).
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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