Gold

Gold has been hovering near lows reached on Friday at $1,419, which is the 23.6% Fibonacci of the move from the October 2010 high down to the low of April 16.

The bias is on the downside as gold remains below the 55 day and 200-day moving average on the Daily chart. A stronger US dollar has been weighing on the precious metal.

Supports are at $1429 and $1421, resistance $1445 and $1452.

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