Free Trial

Holding Prior Range highs *RES 4:........>

GOLD TECHS
GOLD TECHS: Holding Prior Range highs
*RES 4: $1326.0 - High May 11 
*RES 3: $1300.0 - Pivot area 
*RES 2: $1270.3 - 200-dma 
*RES 1: $1243.5 - High Oct 26 
*PRICE: $1218.3 @ 06:07 GMT 
*SUP 1: $1212.0 - Low Oct 31 
*SUP 2: $1205.7 - 55-dma 
*SUP 3: $1180.9 - Sep 28 
*SUP 4: $1160.4 - Low Aug 16 
Gold managed to hold above the Aug 28 highs yesterday, keeping prior range highs
intact. Bulls now need to break above Friday's high at $1243.5 to reignite
upside momentum and target the 200-dma and the $1300 pivot area. A break below
yesterday's low at $1212 on the other hand would strengthen the bearish case and
open the 55-dma at $1205.7, below which would open the Sep 28 low.

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.