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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI Eurozone Inflation Preview - November 2024
MNI POLITICAL RISK - Trump Initiates Tariff Negotiations
Heavy! *RES 4: $1519.8 - High Oct 3......>
GOLD TECHS: Heavy!
*RES 4: $1519.8 - High Oct 3 and key near-term resistance
*RES 3: $1512.3 - Channel top drawn off Sep 4 high
*RES 2: $1494.4 - High Nov 6
*RES 1: $1473.9 - Low Oct 11 and former range base
*PRICE: $1449.7 @ 06:34 GMT Nov 12
*SUP 1: $1445.8 - 38.2% retracement of Apr 24 - Sep 4 rally
*SUP 2: $1436.8 - Low Aug 5
*SUP 3: $1431.4 - Projected channel base drawn off Sep 4 high
*SUP 4: $1411.4 - 50.0% retracement of Apr 24 - Sep 4 rally
Gold retains a bearish focus. The yellow metal last week breached its range base
at $1473.9, Oct 11 low and more importantly cleared former key support at
$1459.00, Oct 1 low. The break represents an important technical breach as it
confirms a resumption of the downtrend that has been in place since prices
peaked at $1557.3 on Sep 3. Momentum studies are bearish too. Attention is on a
move to $1436.8 next. Resistance is now seen at $1473.9.
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.