Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	971.60	+1.10	+0.11%
WTI Crude •10 mins	70.06	-0.04	-0.06%
Gasoline •10 mins	2.046	-0.013	-0.64%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.13	-0.10	-0.13%
Natural Gas • 10 mins	3.187	-0.152	-4.55%
Heating Oil • 10 mins	2.259	-0.016	-0.68%

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Gold: Challenging Its Declining Channel

By - Nov 26, 2013, 6:27 AM CST

Gold is challenging its declining channel. The hourly resistance at 1251 has been broken. Monitor the other horizontal resistance at 1269 (19/11/2013 low). An initial support now lies at 1226 (25/11/2013 low).

In the longer term, we continue to view the rise from 1181 (28/06/2013 low) as a counter-trend move within an underlying bearish trend. Therefore we favour a minimum move towards the key support at 1181. A key resistance stands at 1434 (28/08/2013 high).

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