Free Trial
KRW

Won Rallies More than 1%

JGBS AUCTION

Japanese MOF sells Y4.7714tn 3-Month Bills:

JGBS

Long End Leads The Morning Bid

US TSYS

Very Modest Bid Seen

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
GOLD TECHS
  • RES 4: $1805.7 - High Feb 25
  • RES 3: $1765.8 - 50-day EMA
  • RES 2: $1755.5 - High Mar 18 and key resistance
  • RES 1: $1729.6 - 20-day EMA
  • PRICE: $1712.1 @ 07:14 GMT Apr 1
  • SUP 1: $1678.0 - Low Mar 31
  • SUP 2: $1676.9 - Low Mar 8 and the bear trigger
  • SUP 3: $1671.0 - Low Jun 5, 2020
  • SUP 4: $1659.6 - Low Apr 21, 2020

Gold has found support and bounced off yesterday's low of $1678.0. Despite these gains, the yellow metal maintains a bearish tone following the recent break of $1719.3, Mar 18 low and $1699.3, Mar 12 low. The breach of $1699.3 marked a key intraday development and reinforces a bearish threat signalling scope for a move towards $1676.9, the Mar 8 low and a bear trigger. Key short-term resistance has been defined at $1755.5, Mar 18 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.