Free Trial

The yellow metal stuck to a tight range,.......>

GOLD
GOLD: The yellow metal stuck to a tight range, trading above $1,350/oz, with
little in terms of fresh geopolitical developments.
- The $1318.3 support confirmed its significance last week with the ensuing
recovery falling just short of the 2018 high ($1366.0). Focus now remains on the
$1366.0-1391.8 region where 2018, 2016 & 2014 highs are located. The Bollinger
top ($1354.8) is the key concern for bulls and currently limits follow through.
Bears now look for a close below the high from April 10 ($1342.6) to ease
bullish pressure and return focus to $1313.7-1330.9 where key DMAs are noted.
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.