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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.
CZECHIA
- XAUCZK recently broke above its 38,700 resistance, which represents its 100D SMA and 61.8% Fibo retracement of the 2020/2021 low high range.
- Even though CNB is preparing for a tightening cycle (with first hike priced in as early as August this year), rising inflationary pressures are pushing preference for the traditional 'inflation hedge': gold.
- Next resistance to watch stands at 40,000 (50% Fibo retracement and LT downward trending resistance).
- On the downside, 38,700 is now the new ST support, followed by 38,200 (50D SMA).
Source: Bloomberg/MNI
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.
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