Free Trial

$1277.6-1288.5 Support Region Key *RES...>

GOLD TECHS
GOLD TECHS: $1277.6-1288.5 Support Region Key
*RES 4: $1313.6 - High Sept 26 
*RES 3: $1311.7 - Bollinger band top 
*RES 2: $1306.0 - High Oct 16 
*RES 1: $1298.3 - Alternating hourly support/resistance
*PRICE: $1290.0 @ 0930GMT
*SUP 1: $1288.5 - 21-DMA 
*SUP 2: $1284.5 - Low Oct 11 
*SUP 3: $1277.6 - Hourly resistance Oct 6 now support 
*SUP 4: $1270.7 - Hourly support Oct 6
*COMMENTARY: Bulls are struggling to gain traction above 21 & 55 ($1296.0) DMAs.
Bears now need a close below the 21-DMA to ease bullish pressure and below
$1277.6 to shift focus back to $1244.2-1260.5 where the 200-DMA ($1257.3) and
bull channel base are situated. Bulls now need a close above $1306.0 to
reconfirm focus on $1313.6-1320.0. A close above $1320.0 is needed to shift
focus to $1357.5 Sept highs.

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.