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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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Free AccessOff Recent Highs *RES 4: $1501.5 -.......>
GOLD TECHS: Off Recent Highs
*RES 4: $1501.5 - Channel top drawn off Sep 4 high
*RES 3: $1492.2 - High Nov 7
*RES 2: $1480.9 - 50% retracement of the Nov 1 - Nov 12 decline
*RES 1: $1478.9 - High Nov 20
*PRICE: $1467.3 @ 06:53 GMT Nov 22
*SUP 1: $1456.4 - Low Nov 18
*SUP 2: $1445.7 - Low Nov 12 and bear trigger
*SUP 3: $1436.8 - Low Aug 5
*SUP 4: $1423.0 - Projected channel base drawn off Sep 4 high
Despite the recent recovery, the outlook in Gold has remained bearish and signs
are that the correction has run its course. The break this month of key support
at $1474.1, Oct 11 low and $1459.1, Oct 1 low reinforced the bearish theme.
Furthermore, the break of the latter level confirmed a resumption of the move
lower that has been in place since prices peaked at $1557.1 on Sep 3. Attention
is on the bear trigger at $1445.7. Resistance is at $1492.2.
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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.