MNI BRIEF: China Limits, Tightens IPO To Boost Listing Quality

MNI BRIEF: China February New Loans, TSF Pull Back Sharply

MNI BRIEF: China To Strengthen Shareholding Reduction Rules

MNI BRIEF: Net MLF Drain Not Sign Of Tight Liquidity - Paper

MNI: PBOC Conducts CNY387 Bln MLF Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0975 Fri; -4.06% Y/Y

MNI: BAKER HUGHES US RIG COUNT 629; OIL RIGS 510; GAS RIGS 116

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

Bond Supply Calendar: EU Synd W/C 18-Mar; SK, BE, BoE APF Ops Mon

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

Triangular Consolidation Above 7 Week....>

GOLD TECHS
GOLD TECHS: Triangular Consolidation Above 7 Week Rising Support Line
*RES 4: $1315.7 76.4% Fibo of $1375.4-$1122.6
*RES 3: $1307.7 1.618 swing of $1292.3-$1267.4
*RES 2: $1300.9 Aug 18 high
*RES 1: $1296.1 Hourly resistance
*PRICE: $1287.6 @0910GMT
*SUP 1: $1280.6 Aug 18 low, 7 week rising support line
*SUP 2: $1274.2 Aug 1 high, now support
*SUP 3: $1267.4 Aug 15 low
*SUP 4: $1260.1 Aug 9 low
*COMMENTARY* A triangular consolidation has ensued following last week's rally
to $1300.9. So far, this has found $1280.6 for support, also the level of the 7
week rising support line by time today. For the rally to continue, will need to
regain $1296.1 initially, that $1300.9 thereafter, with $1307.7-$1315.7 the next
likely target area higher. Loss of $1280.6 will caution, $1274.2 providing some
back up but $1267.4 again important below.
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.