Commodity Prices

Gold •380 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,460.80	-11.30	-0.77%
WTI Crude •10 mins	67.38	-0.16	-0.24%
Gasoline •10 mins	2.157	-0.014	-0.63%
Ethanol •380 days	2.161	+0.000	+0.00%
Silver •380 days	30.82	+1.16	+3.92%

Silver • 380 days	30.82	+1.16	+3.92%
Copper • 380 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	69.27	-0.25	-0.36%
Natural Gas • 10 mins	3.523	-0.019	-0.54%
Heating Oil • 10 mins	2.469	+0.005	+0.18%

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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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