Commodity Prices

Gold •10 mins	1,642.50	-7.50	-0.45%
Platinum •10 mins	933.30	+1.00	+0.11%
WTI Crude •11 mins	50.28	+0.38	+0.76%
Gasoline •10 mins	1.633	-0.009	-0.55%
Ethanol •4 hours	1.316	-0.016	-1.20%
Silver •10 mins	18.08	-0.11	-0.61%

Silver • 10 mins	18.08	-0.11	-0.61%
Copper • 10 mins	2.578	-0.004	-0.15%
Brent Crude • 11 mins	54.62	+0.36	+0.66%
Natural Gas • 10 mins	1.846	-0.005	-0.27%
Heating Oil • 10 mins	1.573	+0.008	+0.49%

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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).

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