Commodity Prices

Gold •341 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,224.10	+9.60	+0.79%
WTI Crude •10 mins	65.56	+0.27	+0.41%
Gasoline •12 mins	2.105	+0.010	+0.46%
Ethanol •341 days	2.161	+0.000	+0.00%
Silver •341 days	30.82	+1.16	+3.92%

Silver • 341 days	30.82	+1.16	+3.92%
Copper • 341 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.34	+0.30	+0.45%
Natural Gas • 13 mins	3.629	-0.006	-0.17%
Heating Oil • 11 mins	2.151	+0.005	+0.23%

Headlines

726 days Will The ECB Continue To Hike Rates?
726 days Forbes: Aramco Remains Largest Company In The Middle East
728 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,127 days Could Crypto Overtake Traditional Investment?
1,132 days Americans Still Quitting Jobs At Record Pace
1,134 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,137 days Is The Dollar Too Strong?
1,137 days Big Tech Disappoints Investors on Earnings Calls
1,138 days Fear And Celebration On Twitter as Musk Takes The Reins
1,140 days China Is Quietly Trying To Distance Itself From Russia
1,140 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,144 days Crypto Investors Won Big In 2021
1,144 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,145 days Food Prices Are Skyrocketing As Putin’s War Persists
1,148 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,148 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,151 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,152 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,152 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,154 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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: Fading Near The Top of The Declining Channel

By - May 16, 2014, 4:56 AM CDT

Gold has faded near the resistance at 1316 (see also the declining channel). Hourly supports stand at 1289 and 1278. An hourly resistance now lies at 1309 (14/05/2014 high).

Longer term, we are sceptical that the horizontal range between the strong support at 1181 (28/06/2013 low) and the major resistance at 1434 (30/08/2013 high) is a long-term bullish reversal pattern. As a result, a decline towards the low of this range is eventually favoured.

Daily Technical Report