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

GOLD
GOLD: The yellow metal stuck to a tight range, operating below $1270/oz.
- Fresh 2018 & 7mth lows continue with bears now looking for a weekly close
below the 100-WMA to add significant weight to the case for a test of the
200-WMA and long term rising trend line off of 2015 lows. The lack of follow
through Thursday is a concern for bears with the Bollinger base ($1266.3)
proving problematic. Bulls now need a close above $1270.0 to gain breathing room
and above $1292.1 to return pressure to $1303.1-1310.5.
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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