Commodity Prices

Gold •141 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	970.10	-0.40	-0.04%
WTI Crude •10 mins	70.15	+0.05	+0.07%
Gasoline •10 mins	2.042	-0.017	-0.84%
Ethanol •141 days	2.161	+0.000	+0.00%
Silver •141 days	30.82	+1.16	+3.92%

Silver • 141 days	30.82	+1.16	+3.92%
Copper • 141 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	74.20	-0.03	-0.04%
Natural Gas • 10 mins	3.144	-0.195	-5.84%
Heating Oil • 10 mins	2.256	-0.019	-0.82%

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Gold: Bearishness Persists

By - Dec 24, 2014, 7:57 AM CST

Gold has fallen below support at 1186. Indicating that recent succession of lower highs suggests persistent selling pressures. An hourly resistance lies at 1185 (23/12/2014 reaction high). Other supports stand at 1170 (22.12.2014 low) and 1143.

In the long-term, the move below the strong support at 1181 (28/06/2013 low) confirms the underlying downtrend and opens the way for further declines towards the strong support at 1027 (28/10/2009 low). A break of the strong resistance at 1255 (21/10/2014 high) is needed to invalidate this bearish outlook.

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