Commodity Prices

Gold •10 mins	2,329.80	-8.60	-0.37%
Platinum •10 mins	912.30	-2.80	-0.31%
WTI Crude •10 mins	82.69	-0.12	-0.14%
Gasoline •1 hour	2.732	-0.003	-0.10%
Ethanol •4 hours	2.161	+0.000	+0.00%
Silver •10 mins	27.23	-0.12	-0.42%

Silver • 10 mins	27.23	-0.12	-0.42%
Copper • 10 mins	4.475	-0.012	-0.27%
Brent Crude • 10 mins	87.90	-0.12	-0.14%
Natural Gas • 10 mins	1.663	+0.010	+0.60%
Heating Oil • 17 mins	2.548	-0.002	-0.08%

Headlines

314 days Will The ECB Continue To Hike Rates?
315 days Forbes: Aramco Remains Largest Company In The Middle East
316 days Caltech Scientists Succesfully Beam Back Solar Power From Space
716 days Could Crypto Overtake Traditional Investment?
721 days Americans Still Quitting Jobs At Record Pace
723 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
726 days Is The Dollar Too Strong?
726 days Big Tech Disappoints Investors on Earnings Calls
727 days Fear And Celebration On Twitter as Musk Takes The Reins
729 days China Is Quietly Trying To Distance Itself From Russia
729 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
733 days Crypto Investors Won Big In 2021
733 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
734 days Food Prices Are Skyrocketing As Putin’s War Persists
736 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
737 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
740 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
741 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
741 days Two ETFs That Could Hedge Against Extreme Market Volatility
743 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Gold: Bouncing, But No New High Yet

By - Sep 04, 2013, 7:11 AM CDT

Gold has bounced, breaking the initial resistance at 1405 (intraday high). We would still favour a second down leg towards the key support at 1352 (see also the larger rising channel). Resistances stands at 1417 (intraday high) and 1434.

We also note that the mild corrections thus far indicate a persistent weak selling pressure. Monitor the strong resistance at 1424/1434 as a decisive break would open the way for a further rise towards the next strong resistance at 1488.

Daily Technical Report