Free Trial

$1302.5 Support Key This Week *RES 4:....>

GOLD TECHS
GOLD TECHS: $1302.5 Support Key This Week
*RES 4: $1339.3 - Hourly resistance Apr 20 
*RES 3: $1335.0 - 21-DMA 
*RES 2: $1332.6 - High Apr 24 
*RES 1: $1326.6 - High Apr 16
*PRICE: $1314.9 @ 2130GMT
*SUP 1: $1310.1 - Low Apr 30 
*SUP 2: $1306.9 - Low Mar 20 
*SUP 3: $1303.7 - 200-DMA 
*SUP 4: $1302.5 - Monthly Low Mar 1
*COMMENTARY: Bears failed to capitalise on the close below the 100-DMA Thursday
with focus on $1302.5-1306.9 where the 200-DMA & 2018 lows are noted. Bears need
a close below $1302.5 to hint at a move back to the 200-WMA ($1234.6) and Dec
low ($1235.9) with below the 55-WMA to confirm. Bulls need a close above $1326.7
to gain breathing room and above the 21-DMA to shift initial focus back to
$1355.1-1366.1.

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.