Free Trial

Gold lost $3 to trade at $1313/oz. - Bears.....>

GOLD
GOLD: Gold lost $3 to trade at $1313/oz.
- Bears focus on $1302.5-1306.9 where the 200-DMA & 2018 lows are noted. Bears
need a close below $1302.5 to hint at a move back to the 200-WMA ($1234.6) and
Dec low ($1235.9) with below the 55-WMA ($1291.6) to confirm. Bulls need a close
above the high from April 16 ($1326.6) to gain breathing room and above the
21-DMA ($1333.2) to shift initial focus higher. Oversold daily studies remain
the key concern for bears.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.