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The yellow metal traded relatively flat in.....>

GOLD
GOLD: The yellow metal traded relatively flat in Asia-Pacific hours, hovering
around $1,355/oz.
- USD uncertainty continued to underpin the space, even as fears over global
trade wars receded in other financial markets.
- Support emerging on dips back towards the 100-DMA provided the base for an
aggressive break of key DMAs with focus having returned to layers of resistance
$1361.7-1374.9. The Bollinger top ($1348.9)) is the key concern for bulls. Bears
now need a close below $1343.5 to gain breathing room and below $1318.3 to shift
focus back to $1302.5-1308.4 where the 100-DMA is located.
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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