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The yellow metal stuck to a tight range,.......>

GOLD
GOLD: The yellow metal stuck to a tight range, last trading virtually unchanged
at $1,316/oz.
- Support emerging on dips back towards the 100-DMA ($1,305) is less than ideal
with narrowing Bollis hinting at a break out. In saying that, bulls need a close
above $1321.7 to ease bearish pressure and above $1330.0 to confirm breaks of 21
($1322.9) & 55 ($1329.4) DMAs, shifting focus to $1340.7-1351.3. Bears need a
close below $1302.5 to hint at a move back to $1235.9 and below the 200-DMA to
confirm.
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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