Commodity Prices

Gold •712 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,764.00	-8.80	-0.50%
WTI Crude •11 mins	80.65	-0.10	-0.12%
Gasoline •11 mins	2.951	+0.004	+0.14%
Ethanol •712 days	2.161	+0.000	+0.00%
Silver •712 days	30.82	+1.16	+3.92%

Silver • 712 days	30.82	+1.16	+3.92%
Copper • 712 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	82.93	-0.24	-0.29%
Natural Gas • 12 mins	3.146	-0.001	-0.03%
Heating Oil • 11 mins	3.246	-0.020	-0.62%

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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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