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Timeline of key events (Times BST)

EUROZONE

Timeline of key events (Times BST)

US TSYS

Off Lows On Chinese Growth Questions

AUSSIE BONDS

YM Given

Another Day, Another High

GOLD TECHS
  • RES 4: $2065.4 - 2.382 proj of Dec '19 - Mar rally from Mar 16 low
  • RES 3: $2072.2 - Upper Bollinger Band (2%)
  • RES 2: $2057.8 - 4.0% 10-dma Envelope
  • RES 1: $2055.8 - High Aug 5 and all-time high
  • PRICE: $2046.6 @ 06:27 BST Aug 6
  • SUP 1: $1939.4 - Low Jul 30
  • SUP 2: $1923.5 - 20-day EMA
  • SUP 3: $1907.0/1899.9 - Low Jul 28 / Low Jul 27
  • SUP 4: $1841.2 - Low Jul 22

Gold continues to defy gravity, hitting all time highs once again yesterday. This extends the gold RSI to an eye-watering 88, equalling the late July highs and topping what we saw in early January. Nonetheless, gold has proven it can defy these technical indicators in the short-term, bumping upside targets higher still.

MNI London Bureau | +44 203-865-3820 | tim.davis@marketnews.com