Free Trial

Bears Focused On 200-WMA & LT TL *RES....>

GOLD TECHS
GOLD TECHS: Bears Focused On 200-WMA & LT TL
*RES 4: $1274.2 - 100-WMA 
*RES 3: $1272.5 - High June 25 
*RES 2: $1262.7 - Hourly support June 26 now resistance 
*RES 1: $1254.3 - High June 28
*PRICE: $1249.1 @ 0430GMT
*SUP 1: $1245.3 - 2018 Low Jan 28 
*SUP 2: $1237.9 - LT Rising TL off 2015 Low 
*SUP 3: $1235.9 - Monthly low Dec 12 
*SUP 4: $1233.9 - 200-WMA
*COMMENTARY: Fresh 2018 & 7mth lows continue to add weight to the bearish case
targeting tests of the 200-WMA and LT rising TL of 2015 lows around $1237.9. The
Bollinger base ($1243.2) and O/S daily studies looking to correct remain key
concern for bears. Bulls look for a close above $1262.7 to gain breathing room
and above $1284.1 to return pressure to $1292.2-1310.5.

To read the full story

Close

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.