MNI BRIEF: Yellen Gathers Regulators On SVB; Banks 'Resilient'

MNI BRIEF: US Notched $262B Feb Budget Deficit, $723B YTD

CANADIAN FEB JOBS +21.8K VS +2.5K FORECAST, PRIOR +150K

MNI: US FEB TREASURY BUDGET -262.4B

MNI: US NET PAYROLLS REVISIONS FOR JAN, DEC -34K

US FEB UNEMPLOYMENT RATE 3.6%

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
MNI EXCLUSIVE

St Louis Fed Director On Inflation, Growth

EURJPY TECHS

Needle Points North, Despite Friday Pullback

MNI BRIEF: Yellen Gathers Regulators On SVB; Banks 'Resilient'

US TSYS

Late Markets Summary, Tsys Back Near Highs, Stocks Off Lows

WHITE HOUSE

OMB Director Young And CEA Chair Rouse To Brief Press

USDJPY TECHS

Pierces Support At The 50-Day EMA

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
Trending Top 5
Market News Topics

Fresh Cycle High

GOLD TECHS
Metals Technical AnalysisMetals bulletHomepagemarkets-real-timeCommoditiesBullet
  • RES 4: $1998.4 - High Apr 18, 2022
  • RES 3: $1982.0 - High Apr 19, 2022
  • RES 2: $1963.0 - 76.4% retracement of the Mar - Sep 2022 bear leg
  • RES 1: $1935.2 - High Apr 25, 2022
  • PRICE: $1929.5 @ 07:26 GMT Jan 20
  • SUP 1: $1896.7/67.4 - Low Jan 12 / 20-day EMA
  • SUP 2: $1825.2 - Low Jan 5 and key near-term support
  • SUP 3: $1797.1 - Low Dec 28
  • SUP 4: $1774.0 - Low Dec 15

Trend conditions in Gold remain bullish and the yellow metal traded to a fresh cycle high on Thursday. This confirms an extension on the uptrend and maintains the price sequence of higher highs and higher lows. Note that moving average studies are in a bull mode position - reflecting the uptrend. The focus is on $1963.0 next, a Fibonacci retracement. Support to watch lies at $1867.4, the 20-day EMA. Short-term pullbacks are considered corrective.

149 words

To read the full story

Why Subscribe to

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.
  • RES 4: $1998.4 - High Apr 18, 2022
  • RES 3: $1982.0 - High Apr 19, 2022
  • RES 2: $1963.0 - 76.4% retracement of the Mar - Sep 2022 bear leg
  • RES 1: $1935.2 - High Apr 25, 2022
  • PRICE: $1929.5 @ 07:26 GMT Jan 20
  • SUP 1: $1896.7/67.4 - Low Jan 12 / 20-day EMA
  • SUP 2: $1825.2 - Low Jan 5 and key near-term support
  • SUP 3: $1797.1 - Low Dec 28
  • SUP 4: $1774.0 - Low Dec 15

Trend conditions in Gold remain bullish and the yellow metal traded to a fresh cycle high on Thursday. This confirms an extension on the uptrend and maintains the price sequence of higher highs and higher lows. Note that moving average studies are in a bull mode position - reflecting the uptrend. The focus is on $1963.0 next, a Fibonacci retracement. Support to watch lies at $1867.4, the 20-day EMA. Short-term pullbacks are considered corrective.