"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •834 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,644.80 | +23.30 | +1.44% |
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WTI Crude •11 mins | 97.33 | -0.64 | -0.65% |
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Gasoline •14 mins | 3.147 | -0.033 | -1.03% |
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Ethanol •834 days | 2.161 | +0.000 | +0.00% |
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Silver •834 days | 30.82 | +1.16 | +3.92% |
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Silver • 834 days | 30.82 | +1.16 | +3.92% | |
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Copper • 834 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 11 mins | 105.28 | -0.64 | -0.60% | |
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Natural Gas • 11 mins | 3.218 | -0.018 | -0.56% | |
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Heating Oil • 11 mins | 4.756 | -0.089 | -1.84% |
This aging bull market may…
The Economic Community of West…
More freeports open around the…
Gold has successfully tested its previous low at 1699 (24/10/2012 low). A possible short-term base formation could be underway. Monitor the hourly resistance at 1718 (26/10/2012 high, see also the declining trendline). A short-term resistance is at 1732 (23/10/2012 high).
The strong resistance area between 1791 and 1803, coupled with overbought conditions, favours a corrective phase. The strong support at 1647 is expected to hold though.
Gold is in a secular uptrend with strong support at 1523.
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