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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.
GOLD TECHS
Gold has over the past 5-sessions retraced over half the sharp sell-off between Aug 7 - 12.
- Despite the extent of the move, recent gains are still considered a correction with a strong band of resistance evident up to $2030.0, Aug 11 high.
- Sharp losses on this day highlighted a bearish candle pattern known as a standard line that signals scope for a deeper sell-off.
- Bulls would need to clear $2030.0 to offset the bearish risk.
- A sell-off would expose key support at $1863.2.
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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