Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,374.60	-40.40	-2.86%
WTI Crude •10 mins	65.76	+0.52	+0.80%
Gasoline •11 mins	2.103	+0.004	+0.17%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	68.23	+0.50	+0.74%
Natural Gas • 10 mins	3.620	+0.094	+2.67%
Heating Oil • 14 mins	2.358	-0.003	-0.11%

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Gold: Making New Lows

By - Dec 03, 2013, 5:57 AM CST

Gold has broken its support at 1226, making fresh new lows and confirming an underlying bearish trend. Hourly resistances stand at 1240 (intraday high) and 1258 (26/11/2013 high). A support now lies at 1209.

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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