Free Trial

SPOT GOLD: Bearish Continuation..........>

GOLD TECHS
GOLD TECHS: SPOT GOLD: Bearish Continuation Pattern
*RES 4: $1237.5 - 21-DMA 
*RES 3: $1235.2 - High July 26 
*RES 2: $1227.4 - High July 27 
*RES 1: $1225.1 - High July 30 
*PRICE: $1221.35 @ 0445GMT 
*SUP 1: $1219.1 - Low July 30 
*SUP 2: $1217.6 - Low July 27 
*SUP 3: $1211.6 - 2018 Low July 19
*SUP 4: $1204.9 - Monthly low July 10 2017 
The downtrend remains in place as the pennant formation looks set to break out
to the downside, which would be confirmed by a move below the July 19 low of
$1211.6. Bulls need a break above the 21DMA if they are to end the ongoing
downtrend. 

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.