Commodity Prices

Gold •127 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	998.70	+5.90	+0.59%
WTI Crude •10 mins	72.38	+0.69	+0.96%
Gasoline •10 mins	2.054	+0.019	+0.91%
Ethanol •127 days	2.161	+0.000	+0.00%
Silver •127 days	30.82	+1.16	+3.92%

Silver • 127 days	30.82	+1.16	+3.92%
Copper • 127 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	75.66	+0.74	+0.99%
Natural Gas • 10 mins	2.692	-0.055	-2.00%
Heating Oil • 10 mins	2.287	+0.017	+0.77%

Headlines

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

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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: Recovery Rally Fading

By - Apr 25, 2014, 5:27 AM CDT

Gold has breached support at 1276 (11/03/2014 low) yet staged a strong recovery rally. Failure to sustain a recovery bounce, indicates a renewed test of support at 1276. Resistance at 1301 (200 day moving average) should cap upside.

Longer term, we are skeptical of a long-term bullish reversal pattern. A move back to the previous lows at 1181 (28/06/2013 low) is eventually favored. A major resistance stands at 1434 (30/08/2013 high).

Daily Technical Report