Gold traded higher Thursday. The short-term outlook however remains bearish following the recent sharp pullback from the Mar 8 high of $2070.4. The move lower is allowing a recent overbought condition to unwind. Key support is seen at the 50-day EMA that intersects at $1899.6 - just ahead of the recent low of $1895.3 on Mar 15. A break of the EMA would signal scope for a deeper pullback. Firm S/T resistance is seen at $2009.2, Mar 10 high.

Fixed Income Technical Analysis Foreign Exchange Technical Analysis EM Bullet Fixed Income News Homepage markets-real-time Commodities Bullet Markets Emerging Markets News Foreign Exchange News

Taso Anastasiou

Fixed Income Technical Analysis Foreign Exchange Technical Analysis EM Bullet Fixed Income News Homepage markets-real-time Commodities Bullet Markets Emerging Markets News Foreign Exchange News

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S/T Bearish Threat Remains Present