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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Credit Weekly: Le Vendredi Noir
MNI: Canada Apr-Sept Budget Deficit Widens On Spending
All Eyes On Key Resistance *RES 4:.......>
GOLD TECHS: All Eyes On Key Resistance
*RES 4: $1800.0 - Round number resistance
*RES 3: $1796.1 - High Oct 2012 and a major resistance
*RES 2: $1765.4 - High May 18 and key resistance
*RES 1: $1763.4 - High Jun 22
*PRICE: $1753.7 @ 06:43 BST Jun 23
*SUP 1: $1721.8 - Low Jun 19
*SUP 2: $1704.2 - Low Jun 15 and key intraday support
*SUP 3: $1671.0 - Low May 1 and key support
*SUP 4: $1659.6 - Low Apr 21
Gold is bullish. The yellow metal traded higher again yesterday. The recovery
off the Jun 5 low of $1671.0 is the current dominant directional cycle and with
resistance at $1745.4, Jun 2 high cleared, attention turns to $1765.4, the key
May 18 trend high. Key support and the bear trigger lies at $1671.0. A break is
required to reinstate a short-term bearish threat. Initial firm support though
is at $1704.2, Jun 15 low.
To read the full story
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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.