"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •144 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 962.20 | -12.90 | -1.32% |
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WTI Crude •16 mins | 71.02 | -0.22 | -0.31% |
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Gasoline •57 mins | 2.050 | -0.012 | -0.57% |
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Ethanol •144 days | 2.161 | +0.000 | +0.00% |
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Silver •144 days | 30.82 | +1.16 | +3.92% |
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Silver • 144 days | 30.82 | +1.16 | +3.92% | |
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Copper • 144 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 16 mins | 74.97 | -0.20 | -0.27% | |
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Natural Gas • 16 mins | 3.389 | +0.260 | +8.31% | |
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Heating Oil • 40 mins | 2.274 | -0.001 | -0.04% |
The Economic Community of West…
More freeports open around the…
An economic slowdown in many…
Gold has bounced, breaking the initial resistance at 1405 (intraday high). We would still favour a second down leg towards the key support at 1352 (see also the larger rising channel). Resistances stands at 1417 (intraday high) and 1434.
We also note that the mild corrections thus far indicate a persistent weak selling pressure. Monitor the strong resistance at 1424/1434 as a decisive break would open the way for a further rise towards the next strong resistance at 1488.
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