Free Trial

Gold Inching Toward Bull Trigger

COMMODITIES
  • Gold grinding higher still after the London close, with spot now above both the 50- and 200-dma resistance levels of 1829.9 and 1821.0 respectively.
  • July highs sit just above at 1834.1 and mark the bull trigger. A break and close above here opens 1853.3 Fib level, marks the 61.8% retracement for the Jun 1 - 29 decline.

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.