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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.
GOLD TECHS
Monitoring a safe haven asset at current levels.
- The yellow metal has been in a strong uptrend since mid-Aug 2018.
- Moving average studies that reflect trend direction continue to highlight a clear uptrend.
- The trend however stalled recently in early August.
- The pullback since August has seen an overbought condition unwind.
- Furthermore, price has pulled back to the averages suggesting the correction has sufficiently unwound the recent overbought condition.
- We would not be surprised to see medium-term demand materialise at or close to current levels. Levels at or below the average represents 'buy-zones'.
- Note, the averages also highlight an important key support area, around $1864.00/70.00.
- Bears will likely be monitoring any bearish pressure on this support.
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.
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