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TOKYO, Apr 25 (Reuters) Gold fell further on Tuesday as dealers were keen to lock in their profits following falls in New York the previous day, but market bulls were keen to buy on dips due to uncertainty over Iran.
-- As of 0002 GMT, spot gold was trading at $620.80/621.80 an ounce, compared with $622.80/623.80 late in New York on Monday.
-- Short-term investors such as funds which based their investments on technicals were keen to lock in their profits.
-- Long-term players, such as pensions, were reluctant to take new buy positions to avoid recent volatility.
-- Short-term technical trend was bearish after dipping below the 7-day moving average (MA) of $623, with next support seen at the 14-day MA of around $610.
-- Silver recovered slightly in Asian trade following sharp losses in New York.
-- Silver was trading at $12.01/12.11 an ounce, compared with $11.86/11.96 in New York.
-- Platinum was little changed at $1,118/1,123 an ounce from New York.
-- Palladium was unchanged at $353/358 an ounce from New York.
REUTERS CS BD0928


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