Free Trial

Bulls Still In Control

GOLD

A softer USD continues to lend support to bullion after spot closed above its 200-DMA for the first time since early February on Monday. Spot last deals little changed, just shy of the $1,870/oz mark, with initial resistance now seen at the Jan 29 high ($1,875.7/oz). A sustained break of that level would switch bullish focus to the 76.4% retracement of the Jan 6 to Mar 8 sell off ($1,892.7/oz).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.