Commodity Prices

Gold •392 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,323.70	-51.20	-3.72%
WTI Crude •10 mins	70.02	+0.02	+0.03%
Gasoline •15 mins	2.276	+0.007	+0.31%
Ethanol •392 days	2.161	+0.000	+0.00%
Silver •392 days	30.82	+1.16	+3.92%

Silver • 392 days	30.82	+1.16	+3.92%
Copper • 392 days	4.530	+0.111	+2.51%
Brent Crude • 24 mins	73.15	-0.09	-0.12%
Natural Gas • 10 mins	3.004	-0.041	-1.35%
Heating Oil • 4 hours	2.424	+0.006	+0.23%

Headlines

776 days Will The ECB Continue To Hike Rates?
777 days Forbes: Aramco Remains Largest Company In The Middle East
778 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,178 days Could Crypto Overtake Traditional Investment?
1,183 days Americans Still Quitting Jobs At Record Pace
1,185 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,188 days Is The Dollar Too Strong?
1,188 days Big Tech Disappoints Investors on Earnings Calls
1,189 days Fear And Celebration On Twitter as Musk Takes The Reins
1,191 days China Is Quietly Trying To Distance Itself From Russia
1,191 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,195 days Crypto Investors Won Big In 2021
1,195 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,196 days Food Prices Are Skyrocketing As Putin’s War Persists
1,198 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,199 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,202 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,203 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,203 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,205 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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: Bouncing, But No New High Yet

By - Sep 04, 2013, 7:11 AM CDT

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.

Daily Technical Report