Free Trial

Focus Remains On $1320.5-1337.4 *RES.....>

GOLD TECHS
GOLD TECHS: Focus Remains On $1320.5-1337.4
*RES 4: $1343.6 - High Sept 22 
*RES 3: $1337.4 - Monthly High Nov 9 
*RES 2: $1320.5 - Daily Bull channel top 
*RES 1: $1312.0 - 2017 High Aug 28
*PRICE: $1311.3 @ 2130GMT
*SUP 1: $1303.5 - Hourly support Aug 28 
*SUP 2: $1299.5 - Hourly resistance Aug 28 now support 
*SUP 3: $1295.5 - Hourly support Aug 28a 
*SUP 4: $1287.9 - Hourly support Aug 25
*COMMENTARY: Volatility Friday saw gold dip into the previously noted
$1267.5-1277.7 support region before rallying aggressively and trading at fresh
2017 and 10mth highs Monday. Initial bullish focus remains on the$1320.5-1337.4
region where the bull channel top and Sept highs are situated. Bears now need a
close below $1303.5 to ease bullish pressure and below $1295.5 to hint at a
correction back to $1275.3.

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.