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

GOLD
GOLD: The yellow metal stuck to a tight range and was last trading virtually
unchanged at $1333/oz
- The $1318.3 support confirmed significance last week with bears needing a
close below to add to confidence and below the 100-DMA ($312.5) to confirm focus
on tests of the 200-DMA (1295.6). Layers of resistance remain in place with
bulls now needing a close above Friday's high (1335.3) to gain breathing room
and above the high from Mar 27 ($1356.7) to confirm initial focus on
$1366.7-1374.9.
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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