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Free AccessMNI BRIEF: EC Warns Four Member States On '24 Budget Plans
MNI BRIEF: US October Existing Home Sales Slide 4.1% To 3.79M
Bearish Risk Still Present
- RES 4: $1844.9 - Low Jun 14
- RES 3: $1834.1 - High Jul 15 and the bull trigger
- RES 2: $1808.7 - High Sep 14
- RES 1: $1787.4 - High Sep 22
- PRICE: $1763.5 @ 07:22 BST Sep 23
- SUP 1: $1742.3 - Low Sep 20
- SUP 2: $1724.5 - 76.4% retracement of the Aug 9 - Sep 3 rally
- SUP 3: $1690.6 - Low Aug 08 and the bear trigger
- SUP 4: $1678.00 Low Mar 31
Gold traded sharply lower on Sep 16. The move resulted in a break of support at $1774.5, Aug 19 low and a test of $1745.4, 61.8% retracement of the Aug 9 - Sep 3 rally. The retracement remains exposed and recent S/T gains are considered corrective. A resumption of weakness would open the key support at $1690.6 further out, Aug 9 low. Initial firm resistance has been defined at $1808.7, Sep 14 high. A break would ease bearish pressure.
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