Commodity Prices

Gold •802 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,802.40	+4.80	+0.27%
WTI Crude •11 mins	102.64	+2.59	+2.59%
Gasoline •11 mins	3.367	+0.060	+1.82%
Ethanol •802 days	2.161	+0.000	+0.00%
Silver •802 days	30.82	+1.16	+3.92%

Silver • 802 days	30.82	+1.16	+3.92%
Copper • 802 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	107.26	+2.65	+2.53%
Natural Gas • 11 mins	2.884	+0.053	+1.87%
Heating Oil • 11 mins	5.073	+0.114	+2.30%

Headlines

1,187 days Will The ECB Continue To Hike Rates?
1,187 days Forbes: Aramco Remains Largest Company In The Middle East
1,189 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,589 days Could Crypto Overtake Traditional Investment?
1,593 days Americans Still Quitting Jobs At Record Pace
1,595 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,598 days Is The Dollar Too Strong?
1,599 days Big Tech Disappoints Investors on Earnings Calls
1,600 days Fear And Celebration On Twitter as Musk Takes The Reins
1,601 days China Is Quietly Trying To Distance Itself From Russia
1,602 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,605 days Crypto Investors Won Big In 2021
1,606 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,606 days Food Prices Are Skyrocketing As Putin’s War Persists
1,609 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,609 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,612 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,613 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,613 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,615 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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: Declining Sharply

By - Jul 14, 2014, 6:02 AM CDT

Gold is declining sharply after having broken the resistance at 1331. Hourly supports are given by the short-term rising trendline (around 1314) and 1305. A resistance now stands at 1345 (10/07/2014 high).

In the long-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