Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Price Signal Summary - Trend Needle In Gold Points South

  • On the commodity front, trend conditions in Gold remain bearish and price is still trading below the 50-day EMA, at $1848.8. The break of this EMA, in mid-February, strengthened the case for bears. Sights are set on the $1800.0 handle and $1787.3, the 50.0% retracement of the uptrend between Sep 28 and Feb 2. On the upside, the 50-day EMA marks the first key short-term resistance.
  • In the Oil space, WTI futures remain above last week’s lows and key short-term support has been defined at $73.80, the Feb 22 low. Moving average studies are in a bear-mode position and for now, this suggests potential for a continuation lower near-term. A break of the $73.80, would open $72.64, the Feb 6 low. Initial resistance to watch is at $78.06, the 50-day EMA.

To read the full story

Why Subscribe to


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.