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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.
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Free AccessTurning Lower
- RES 4: $1877.5 - 76.4% retracement of the Jun 1 - 29 decline
- RES 3: $1863.3 - High Jun 16
- RES 2: $1853.3 - 61.8% retracement of the Jun 1 - 29 decline
- RES 1: $1834.1 - High Jul 15 and the bull trigger
- PRICE: $1726.3 @ 18:14 BST Aug 09
- SUP 1: $1690.6 Low Aug 08
- SUP 2: $1689.9 - 61.8% 2020 Range
- SUP 3: $1678.0 - Low Mar 31
- SUP 4: $1676.9 - Low Mar 08
Fragile and illiquid conditions in precious metals markets saw prices spiral lower in early Asia-Pac trade Monday, with markets taking out all nearby support levels to print multi-month lows of $1690.6. The pull lower found some support at the 61.8% retracement of the 2020 range, but the recovery off the low will have emboldened bulls. To reinforce any upside argument, bulls need to regain $1834.1, Jul 15 high, ahead of $1853.3, a Fibonacci retracement.
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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.