Free Trial

Focus On 2017 High, $1270.0 Support......>

GOLD TECHS
GOLD TECHS: Focus On 2017 High, $1270.0 Support Key
*RES 4: $1337.4 - Monthly High Nov 9 
*RES 3: $1295.9 - 2017 High June 6 
*RES 2: $1295.5 - Daily Bull channel top 
*RES 1: $1291.6 - Bollinger band top
*PRICE: $1288.0 @ 0245GMT
*SUP 1: $1280.8 - High June 14 now support 
*SUP 2: $1277.7 - Hourly support Aug 10a 
*SUP 3: $1270.0 - Hourly support Aug 9 
*SUP 4: $1263.4 - Hourly support Aug 9a
*COMMENTARY: Support emerging ahead of the 21-DMA ($1261.6) Tuesday provided the
base for a move that has taken out $1280.8 with immediate focus now on 2017
highs. Layers of support continue to build with bears needing a close below
$1270.0 to confirm an easing of bullish pressure and to shift focus back to
$1253.7-1261.6 where key DMAs and the daily bull channel base are situated.

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.