Commodity Prices

Gold •753 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,627.60	+23.50	+1.46%
WTI Crude •11 mins	85.10	-4.21	-4.71%
Gasoline •43 mins	3.299	-0.097	-2.85%
Ethanol •753 days	2.161	+0.000	+0.00%
Silver •753 days	30.82	+1.16	+3.92%

Silver • 753 days	30.82	+1.16	+3.92%
Copper • 753 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	92.65	-4.13	-4.27%
Natural Gas • 11 mins	2.793	-0.078	-2.72%
Heating Oil • 15 mins	4.120	-0.060	-1.44%

Headlines

1,138 days Will The ECB Continue To Hike Rates?
1,138 days Forbes: Aramco Remains Largest Company In The Middle East
1,140 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,539 days Could Crypto Overtake Traditional Investment?
1,544 days Americans Still Quitting Jobs At Record Pace
1,546 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,549 days Is The Dollar Too Strong?
1,549 days Big Tech Disappoints Investors on Earnings Calls
1,550 days Fear And Celebration On Twitter as Musk Takes The Reins
1,552 days China Is Quietly Trying To Distance Itself From Russia
1,552 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,556 days Crypto Investors Won Big In 2021
1,557 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,557 days Food Prices Are Skyrocketing As Putin’s War Persists
1,560 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,560 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,563 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,564 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,564 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,566 days Are NFTs About To Take Over Gaming?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Break Over 1348.65 Warns of a Substantial Extension Higher

By - Aug 16, 2013, 6:18 AM CDT

Gold has managed to break over the key 1348.65 high (24/07/2013). This now greatly weakens the bearish structure that had been so dominant over recent weeks. The bias now switches to a bullish one with scope for a return towards 1422.10 (06/06/2013 high). A push under 1316.04 (14/08/2013 low) is required to negate the near-term bullish structure.

We also note that the failure to return to the annual low at 1180.50 is a further bullish indication and may suggest scope for a medium term basing formation.

Daily Technical Report