Free Trial
MYR

Consolidation

AUD

Stabilising After Sharp Sell-Off

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

Consolidating

GOLD TECHS
  • RES 4: $1816.0 - High Feb 23
  • RES 3: $1805.7 - High Feb 25
  • RES 2: $1779.3 - 50-day EMA
  • RES 1: $1755.5 - High Mar 18
  • PRICE: $1730.1 @ 07:10 GMT Mar 24
  • SUP 1: $1719.3 - Low Mar 18
  • SUP 2: $1699.3 - Low Mar 12
  • SUP 3: $1676.9 - Low Mar 8 and the bear trigger
  • SUP 4: $1671.0 - Low Jun 5, 2020

Gold is consolidating with support at $1719.3, Mar 18 low intact. A break lower would signal scope for a deeper pullback and open $1699.3, Mar 12 low and the trigger for a test of key support at $1676.9, Mar 8 low. From a short-term trend perspective, the recovery from $1676.9, Mar 8 low remains intact. Key near-term resistance and the bull trigger is at $1755.5, Mar 18 high. A break would open $1779.3, the 50-day EMA.

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.