Free Trial

Recovery Intact *RES 4: $1324.6 - High...>

GOLD TECHS
GOLD TECHS: Recovery Intact
*RES 4: $1324.6 - High Mar 25 
*RES 3: $1310.7 - High Apr 10 
*RES 2: $1303.4 - High May 14 
*RES 1: $1290.1 - 55-dma 
*PRICE: $1284.3 @ 03:09 GMT May 27 
*SUP 1: $1269.6 - Low May 21 
*SUP 2: $1266.3 - Low May 2 
*SUP 3: $1260.0 - 200-dma 
*SUP 4: $1251.1 - High Dec 10 
Gold has edged back above Thursday's highs in early Asian trading to put the
focus back on the 55-dma at $1290.1. A break above here would shift the near
term outlook positive and open the May 14 high at $1303.4 ahead of the April 10
high $1310.7. Bears' focus remains on the May 21 low at $1269.6 with a break
opening key May 2 low at $1266.3. Below here would suggest a deeper correction
down to the 200-dma.

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.