Free Trial

Staying in its Range

GOLD
  • Gold moved towards the top of its recent range yesterday, challenging the Sep 3 high of $1,951.3/oz. Our technical analyst notes that the resistance to watch is at $1992.5, the Sep 1 high.
  • There has been little gold specific news with the yellow metal making gains yesterday as the dollar sold weakened.
  • Our technical analyst points out that in pattern terms, Aug 19 was a bearish engulfing candle highlighting bearish sentiment. Further weakness would open $1902.9, Aug 26 low. A break would expose $1863.2, Aug 12 low.

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.