Free Trial

Below $1318.3 To Pressure 100 &..........>

GOLD TECHS
GOLD TECHS: Below $1318.3 To Pressure 100 & 200-DMAs
*RES 4: $1361.7 - High Feb 16 
*RES 3: $1356.7 - High Mar 27 
*RES 2: $1347.0 - High Mar 28 
*RES 1: $1339.8 - Low Mar 27 now resistance
*PRICE: $1329.4 @ 0310GMT
*SUP 1: $1318.3 - High Mar 20 now support 
*SUP 2: $1316.5 - Rising daily TL off Dec Low 
*SUP 3: $1309.7 - 100-DMA 
*SUP 4: $1302.5 - Low Jan 2
*COMMENTARY: The recovery from ahead of the 100-DMA is now over with immediate
focus back on the $1318.3 support. Bears need a close below this level to shift
focus back to $1293.4-1309.7 where 100 & 200-DMAs are noted. Layers of
resistance accumulating are seen weighing. Bulls now need a close above $1339.8
to gain breathing room and above $1347.0 to return pressure to $1361.7-1374.9.

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.