Commodity Prices

Gold •774 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,759.90	+3.00	+0.17%
WTI Crude •11 mins	82.26	-0.14	-0.17%
Gasoline •11 mins	3.187	+0.003	+0.10%
Ethanol •774 days	2.161	+0.000	+0.00%
Silver •774 days	30.82	+1.16	+3.92%

Silver • 774 days	30.82	+1.16	+3.92%
Copper • 774 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	88.93	+0.41	+0.46%
Natural Gas • 11 mins	2.648	-0.085	-3.11%
Heating Oil • 11 mins	4.277	-0.006	-0.14%

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Gold: Bearish Breakout of the Strong Support at 1523

By - Apr 15, 2013, 5:40 AM CDT

Gold has broken its strong support at 1523, which has led to a significant sell-off. Hourly resistances can be found at 1459 (intraday high) and 1496 (15/04/2013 high).

Gold has broken to the downside out of its long-term horizontal range defined by the support at 1523 (29/12/2011 low) and the resistance at 1803 (08/11/2011 high). The implied medium-term downside risk is 1287. A support can be found at 1308 (28/01/2013 low).

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