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Put spread trades again

GOLD: The yellow metal stuck to a tight range, last trading unchanged around
$1317/oz after the leaders of the two Koreas struck a relatively warm tone re:
future relations at a meeting in the DMZ, while US Tsy yields edged lower.
- Bears take comfort in a close below the 100-DMA ($1320) that sees immediate
focus on $1302.5-1306.9 where the 200-DMA & 2018 lows are noted. Bulls now need
a close above $1326.7 to gain breathing room and above the 21-DMA to shift
initial focus back to $1355.1-1366.1 where 2018 highs are noted.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |