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Free AccessGold closed above a major trendline on the.....>
GOLD: Gold closed above a major trendline on the monthly charts yesterday. This
is a significant bullish break which has seen the yellow metal rally to
multi-year highs of $1527.07. Next resistance is seen at $1540.27 from the Apr 4
2013 low, a break opens the Apr 12 2013 high at $1564.73, ahead of the 61.8%
retracement level of the 2011 to 2015 decline at $1587.0.
To read the full story
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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.