MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

Collective Wages Continue To Tick Higher

Q1 Sectoral Accounts Suggest Solid Real Income Gains

Services Behind Slight Fall In July ISTAT Business Confidence

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Trend Needle Points South

GOLD TECHS
  • RES 4: $1953.0 - High Sep 1 and key resistance
  • RES 3: $1905.0 - 50-day EMA
  • RES 2: $1878.2 - 20-day EMA
  • RES 1: $1875.1 - High Oct 11
  • PRICE: $1871.3 @ 15:54 BST Oct 11
  • SUP 1: $1813.2 - Low Oct 3
  • SUP 2: $1804.9- Low Feb 28 and a key support
  • SUP 3: $1786.1 - 61.8% of the Sep 28 ‘22 - May 4 bull leg
  • SUP 4: $1774.0 - Low Dec 15 2022

A bearish theme in Gold was put on pause Monday after a second session of gains. Monday’s bounce put prices back above $1850. Nonetheless, the recent sell-off resulted in a break of support at $1901.1 and this was followed by a breach of $1884.9, the Aug 21 low. This confirmed a resumption of the downtrend that started early May. The focus is on $1804.9, the Feb 28 low and a key support. On the upside, firm resistance is at $1878.2, 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.