Free Trial

Rejected Ahead Of 21-DMA * Fresh 2018....>

GOLD TECHS
GOLD TECHS: Rejected Ahead Of 21-DMA
* Fresh 2018 & 7mth lows lacked follow through Tuesday with an aggressive bounce
from below the LT rising TL off 2015 lows and ahead of the key 200-WMA
($1234.0). 
* Bears look for a close below the 200-WMA to confirm breaks of key supports and
initially target $1204.5. 
* Bulls now need a close above the 21-DMA to return initial focus to $1272.7
where the 100-WMA is noted and above the 100-WMA to target $1284.0-1292.1. 

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.