Free Trial

Focus Back On Oct 26 Highs *RES 4:.......>

GOLD TECHS
GOLD TECHS: Focus Back On Oct 26 Highs
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1269.8 - 200-dma 
*RES 1: $1243.5 - High Oct 26 
*PRICE: $1232.0 @ 06:30 GMT 
*SUP 1: $1212.0 - Low Oct 31 
*SUP 2: $1205.7 - 55-dma 
*SUP 3: $1180.9 - Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold surged yesterday on dollar weakness generally which has returned the focus
to the upside and the Oct 26 high of $1243.5. Above here would reignite upside
momentum and target the 200-dma and the $1300 pivot area. A break below the Oct
31 low at $1212 is needed to return the focus lower and open the 55-dma at
$1206.8.

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.