Commodity Prices

Gold •372 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,421.50	+9.00	+0.64%
WTI Crude •10 mins	66.96	+0.39	+0.59%
Gasoline •10 mins	2.151	-0.002	-0.08%
Ethanol •372 days	2.161	+0.000	+0.00%
Silver •372 days	30.82	+1.16	+3.92%

Silver • 372 days	30.82	+1.16	+3.92%
Copper • 372 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.97	+0.33	+0.48%
Natural Gas • 10 mins	3.346	+0.009	+0.27%
Heating Oil • 10 mins	2.398	+0.014	+0.59%

Headlines

757 days Will The ECB Continue To Hike Rates?
757 days Forbes: Aramco Remains Largest Company In The Middle East
759 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,159 days Could Crypto Overtake Traditional Investment?
1,163 days Americans Still Quitting Jobs At Record Pace
1,165 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,168 days Is The Dollar Too Strong?
1,169 days Big Tech Disappoints Investors on Earnings Calls
1,170 days Fear And Celebration On Twitter as Musk Takes The Reins
1,171 days China Is Quietly Trying To Distance Itself From Russia
1,172 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,176 days Crypto Investors Won Big In 2021
1,176 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,177 days Food Prices Are Skyrocketing As Putin’s War Persists
1,179 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,179 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,183 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,183 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,184 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,186 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: 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).

Daily Technical Report