Free Trial

The yellow metal has has tested the......>

GOLD TECHS
GOLD TECHS: The yellow metal has has tested the waters above $1730.0 today:
- Gold is extending gains that started off Tuesday's low and further upside is
likely.
- Yesterday's climb in particular suggests bullish sentiment has resumed.
- For those who follow candle patterns, the current rally follows a Japanese
candle hammer formation marking Tuesday's session.
- A hammer is a bullish reversal pattern.
- The focus is on a climb towards the Apr 14 high of $1747.4. The next
resistance is $1738.7, Apr 16 high.
- Support lies at $1680.5, yesterday's low. Initial support is at $1707.4.

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.