Free Trial

The yellow metal edged higher, printing........>

GOLD
GOLD: The yellow metal edged higher, printing gains of around $4/oz in spot
dealing as risk aversion was evident. 
- From a technical perspective the bounce from ahead of the 100-DMA and a dip
below the Bollinger base ($1306.6) is a concern for bears and could signal the
end of the correction from $1361.8 Feb highs. Bulls still need a close above
$1330.0 to gain breathing room and above $1351.3 to shift focus back to
$1367.3-1374.9 where 2016 highs are noted. Bears need a close below the 100-DMA
to hint at a move back to $1235.9 Dec lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

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.