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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Testing The 50-day EMA *RES 4: $1689.3...>
GOLD TECHS: Testing The 50-day EMA
*RES 4: $1689.3 - High Feb 24 and key resistance
*RES 3: $1664.0 - High Feb 25
*RES 2: $1649.5 - High Feb 28
*RES 1: $1611.1 - High Mar 2
*PRICE: $1594.1 @ 06:51 GMT Mar 3
*SUP 1: $1563.1 - Low Feb 28
*SUP 1: $1547.6 - Low Feb 5
*SUP 3: $1536.0 - Low Jan 14
*SUP 4: $1518.0 - High Oct 25
Gold remains vulnerable. Note that the metal has retraced to a key area of
support at $1570.75. This is highlighted by the 50-day EMA, an average used to
assess the direction of a trend. The EMA has a positive slope suggesting the
broader trend remains bullish. Whether the recent corrective pullback is over
will depend on support at $1563.1, Friday's low. Bulls have this reference as a
risk parameter. Bears will be looking for a breach of this support.
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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.