Free Trial

Oct Lows Remain Key Support *RES 4:......>

GOLD TECHS
GOLD TECHS: Oct Lows Remain Key Support
*RES 4: $1299.1 - High Nov 27 
*RES 3: $1293.6 - Hourly support Nov 29 now resistance 
*RES 2: $1289.3 - High Dec 1 
*RES 1: $1277.9 - Hourly resistance Dec 1
*PRICE: $1275.5 @ 2030GMT
*SUP 1: $1269.9 - Low Nov 14 
*SUP 2: $1268.4 - Bollinger band base 
*SUP 3: $1266.9 - 200-DMA 
*SUP 4: $1263.7 - Daily Bull channel base
*COMMENTARY: Pressure returning to the $1260.2-1269.9 region where the 200-DMA
bull channel base off Dec 20 2916 lows and Bollinger base are situated has so
far failed to produce a break lower. Bears still need a close below $1243.4 to
confirm focus on retests of 2017 lows. Daily studies are well placed for a fresh
leg lower. Bulls now need a close above $1289.3 to ease bearish pressure.

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.