Commodity Prices

Gold •10 mins	1,423.70	+0.40	+0.03%
Platinum •10 mins	854.80	+7.70	+0.91%
Bitcoin •1 min	9,824.80	+272.02	+2.85%
WTI Crude •11 mins	56.75	-0.03	-0.05%
Gasoline •15 mins	1.833	+0.002	+0.09%
Silver •10 mins	16.08	+0.10	+0.65%

Silver • 10 mins	16.08	+0.10	+0.65%
Copper • 10 mins	2.707	-0.010	-0.35%
Ethereum • 1 min	217.37	+15.57	+7.71%
Brent Crude • 11 mins	63.78	+0.12	+0.19%
Natural Gas • 10 mins	2.286	+0.008	+0.35%

Headlines

8 hours Contrarian Investors Are Beating The Stock Market
11 hours Bulgaria’s Revenue Agency Falls Victim To Biggest Cyber Heist In History
14 hours Amazon Faces European Union Anti-Trust Probe
16 hours Commodities Are Having A Stellar Year
1 day Bezos’ Next Big Project Could Be Worth $100 Billion Per Year
1 day 3,600 Years Later, Climate Change Turns Mammoths Into $40M Market
2 days Tesla, Apple Claim China Is Stealing Intellectual Property
2 days EV Giants Duke It Out For Battery Dominance
2 days Tech Billionaire Takes Aim At Google
2 days Chinese Police Bust Largest Ever Illicit Crypto Mining Operation
3 days Expect A Pullback Before Gold's Next Major Rally
3 days Why Interest On Gold Matters
3 days Ten Extravagant Food Items For The Wealthy Only
4 days Why Saudi Arabia Won't Give Up On The Aramco IPO
4 days $32 Million Crypto Heist Halts Tokyo Exchange
5 days Is A Gold Selloff Looming?
5 days Central Banks Are Stashing Gold And Dumping Treasuries
6 days Three Cannabis Trends Flying Under Investors’ Radars
6 days $1.3 Billion In Cocaine Found On JPMorgan Vessel
6 days Amazon Teams Up With Lady Gaga To Win Over Generation Z

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

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