Free Trial

100-DMA Support Key This Week *RES 4:....>

GOLD TECHS
GOLD TECHS: 100-DMA Support Key This Week
*RES 4: $1356.8 - Bollinger band top 
*RES 3: $1355.7 - High Apr 18 
*RES 2: $1339.3 - Hourly resistance Apr 20 
*RES 1: $1331.2 - 55-DMA
*PRICE: $1324.0 @ 2130GMT
*SUP 1: $1321.2 - Low Apr 6 
*SUP 2: $1318.0 - Low Apr 10 
*SUP 3: $1306.9 - Daily Bull channel base off Dec low 
*SUP 4: $1302.5 - Monthly Low Mar 1
*COMMENTARY: Pressure has resulted in a break of the bull channel base off Dec
lows with immediate focus on the 100-DMA. Bears need a close below the 100-DMA
to shift initial focus back to $1291.2-1302.5 where the 55-WMA ($1291.2),
200-DMA ($1301.6) & March low ($1302.5) are located. Bulls now need a close
above the 55-DMA to gain breathing room and above $1339.3 to return focus to
$1355.7-1366.1 where 2018highs are located.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.