Commodity Prices

Gold •10 mins	2,410.40	+12.40	+0.52%
Platinum •10 mins	942.50	-12.00	-1.26%
WTI Crude •10 mins	83.27	+0.54	+0.65%
Gasoline •10 mins	2.719	+0.006	+0.20%
Ethanol •13 mins	2.161	+0.000	+0.00%
Silver •10 mins	28.80	+0.42	+1.48%

Silver • 10 mins	28.80	+0.42	+1.48%
Copper • 10 mins	4.497	+0.060	+1.35%
Brent Crude • 10 mins	87.46	+0.35	+0.40%
Natural Gas • 10 mins	1.751	-0.006	-0.34%
Heating Oil • 10 mins	2.548	+0.015	+0.57%

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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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