Free Trial

$1295.5-1312.0 Support Region Key *RES...>

GOLD TECHS
GOLD TECHS: $1295.5-1312.0 Support Region Key
*RES 4: $1352.6 - Monthly High Sept 7 
*RES 3: $1343.6 - High Sept 22 
*RES 2: $1337.4 - Monthly High Nov 9 
*RES 1: $1322.3 - Hourly resistance Aug 29
*PRICE: $1317.3 @ 0250GMT
*SUP 1: $1312.0 - High Aug 28 now support 
*SUP 2: $1303.5 - Hourly support Aug 28 
*SUP 3: $1299.5 - Hourly resistance Aug 28 now support a 
*SUP 4: $1295.5 - Hourly support Aug 28a
*COMMENTARY: Volatility Friday saw gold dip into the previously noted
$1267.5-1277.7 support region before rallying aggressively and trading at fresh
2017 and 10mth highs Monday. Initial bullish focus is now on the$1337.4-1352.6
region where monthly highs are situated. Bears now look for a close below
$1312.0 to gain breathing room and below $1295.5 to shift focus back to
$1275.3-1281.3 where the 21-DMA is noted.

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.