MNI BRIEF: PBOC Abolishes Lower Housing Mortgage Limit

MNI BRIEF: China To Acquire Housing, Land Stocks From Developers

MNI BRIEF: China April Data Shows Insufficient Demand - NBS

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1045 Fri; -3.53% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

RBNZ Data Watch

PBoC Data Watch

INDON Curve Twist-Steepens, Spread Diff Tightens, Samurai Bond Priced

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Trend Needle Points South

GOLD TECHS
  • RES 4: $2063.0 - High May 4
  • RES 3: $2022.6 - High May 12
  • RES 2: $1985.3 - High May 24 and key resistance
  • RES 1: $1929.4/1945.9 - 20- and 50-day EMA
  • PRICE: $1914.7 @ 07:15 BST Jul 7
  • SUP 1: $1893.1 - Low Jun 29
  • SUP 2: $1885.8 - Low Mar 15
  • SUP 3: $1865.8 - 76.4% retracement of the Feb 28 - May 4 bull cycle
  • SUP 4: $1827.8 - Low Mar 10

The trend condition in Gold is unchanged and remains bearish. Fresh lows last week reinforce bearish conditions, confirming a resumption of the downtrend and extending the price sequence of lower lows and lower highs. Moving average studies are in a bear mode position highlighting current sentiment. The focus is on $1885.8, the Mar 15 low. Key resistance is $1985.3, the May 24 high. Initial resistance is $1929.4 the 20-day EMA.

Energy BulletsCommodities
Energy BulletsCommodities

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.