Commodity Prices

Gold •10 mins	1,318.10	+16.40	+1.26%
Platinum •10 mins	869.50	+9.90	+1.15%
Bitcoin •1 min	4,042.59	+52.76	+1.32%
WTI Crude •11 mins	60.11	-0.12	-0.20%
Gasoline •11 mins	1.888	-0.009	-0.49%
Silver •10 mins	15.61	+0.29	+1.91%

Silver • 10 mins	15.61	+0.29	+1.91%
Copper • 10 mins	2.962	+0.041	+1.39%
Ethereum • 1 min	138.98	+0.99	+0.72%
Brent Crude • 11 mins	68.27	+0.00	+0.00%
Natural Gas • 11 mins	2.836	+0.011	+0.39%

Headlines

10 hours Saudis Eye Billions As Stocks Get Emerging Market Boost
13 hours Airbnb In Acquisition Mode Ahead Of IPO
16 hours Gold Hangs At $1,300 Ahead Of Fed Meeting
18 hours Champagne Sales Slow As European Economic Worries Grow Louder
1 day Putin Signs “Digital Iron Curtain” Into Law
2 days Russian Metals Magnate Sues U.S. Over Sanctions
2 days Tesla Looks To Jump Into Indian Market
2 days Global Banks Lay Groundwork To Re-Inflate Asset Prices
2 days Homeowners Experiment With Risky New Investment Trend
3 days U.S. Tech Stocks Look Increasingly Vulnerable
3 days De Beers To Expand World’s Most Profitable Diamond Mine
3 days Ford CEO Gets Raise After Massive Layoff Round
3 days Germany’s Flirtation With Recession Could Cripple The Global Economy
4 days Where To Look As Gold Miners Inch Higher
4 days Google Faces Billions In Fines From European Regulators
5 days The Energy Industry Has A Millennial Problem
5 days Russian Banks Scramble For Sanction Loopholes
6 days Gold ETFs Take A Hit After Four-Month Run
6 days European Union Takes Aim At Ten New Tax Havens
7 days Goldman Defends Trillion-Dollar Corporate Buyback Spree

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

How Big Pharma Is Profiting On The Opiate Problem They Created

In the middle of a…

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 - Weakening

By - Nov 24, 2015, 5:55 AM CST

Gold has bounced slightly off 1067 yet technical structure indicates further bearish momentum. Support is given at 1045 (05/02/2015 low) and hourly resistance is given at 1110 (06/11/2015 high). Expected to show continued weakness.

In the long-term, the underlying downtrend (see declining channel) continues to favour a bearish bias. A break of the resistance at 1223 is needed to suggest something more than a temporary rebound. A major support can be found at 1045 (05/02/2010 low).

Daily Technical Report