Free Trial

The yellow metal had a brief look above........>

GOLD
GOLD: The yellow metal had a brief look above $1300/oz in Asia-Pacific dealing
on broader risk off flows but failed to consolidate there, last trading
virtually unchanged at $1298.
- Bulls need a close above the May 10 low ($1310.5) to confirm breaks of the 21
& 200-DMAs and shift focus higher to $1320.9-1325.8 where the 55 & 100-DMAs are
noted. Bears now need a close below the 100-WMA ($1277.1) to target the 200-WMA
($1234.3).
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

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.