Free Trial

Uptrend Extends *RES 4: $1851.7 -........>

GOLD TECHS
GOLD TECHS: Uptrend Extends
*RES 4: $1851.7 - 2.000 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 3: $1834.3 - 1.764 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 2: $1823.5 - 1.618 projection of the Jun 5 - 11 rally from Jun 15 low
*RES 1: $1820.5 - High Jul 8 and the bull trigger
*PRICE: $1818.8 @ 07:07 BST Jul 21
*SUP 1: $1790.8 - Low Jul 14 and key near-term support
*SUP 2: $1788.1 - 20-day EMA
*SUP 3: $1757.8 - Low Jul 2
*SUP 4: $1747.6 - High Jun 26
Gold traded higher Monday starting the week on a firm note, reinforcing
underlying bullish conditions. The yellow metal has cleared $1800.0 and recent
gains have maintained the current positive price sequence of higher highs and
higher lows that defines an uptrend. The break above $1800.0 sets the scene for
a climb towards $1823.52 and $1834.3 next, both Fibonacci projections. Initial
support to watch is $1790.8, Jul 14 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.