Free Trial

Trend Outlook Remains Bullish

GOLD TECHS
  • RES 4: $2075.5 - All-Time High Aug 7 2020
  • RES 3: $2070.4 - High Mar 8 and a key resistance
  • RES 2: $2059.2 - High Mar 9 2022
  • RES 1: $2048.7 - High Apr 5
  • PRICE: $2012.1 @ 07:21 BST Apr 17
  • SUP 1: $1981.7 - Low Apr 10
  • SUP 2: $1949.7 - Low Apr 3
  • SUP 3: $1930.9 - 50-day EMA
  • SUP 4: $1885.8 - Low Mar 15

Trend conditions in Gold remain bullish. Last Thursday’s break of resistance at $2032.1, Apr 5 high, confirmed a resumption of the current uptrend. The move higher maintains the positive price sequence of higher highs and higher lows and sights are set on the next key resistance at $2070.4, the Mar 8 2022 high. This is just ahead of the all-time high of $2075.5. Key short-term support has been defined at $1981.7, the Apr 10 low.

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.