Commodity Prices

Gold •617 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	2,142.20	-23.30	-1.08%
WTI Crude •11 mins	96.96	+1.23	+1.28%
Gasoline •11 mins	2.964	-0.001	-0.02%
Ethanol •617 days	2.161	+0.000	+0.00%
Silver •617 days	30.82	+1.16	+3.92%

Silver • 617 days	30.82	+1.16	+3.92%
Copper • 617 days	4.530	+0.111	+2.51%
Brent Crude • 2 hours	100.46	+8.48	+9.22%
Natural Gas • 11 mins	3.236	+0.003	+0.09%
Heating Oil • 12 mins	3.925	+0.026	+0.67%

Headlines

1,001 days Will The ECB Continue To Hike Rates?
1,002 days Forbes: Aramco Remains Largest Company In The Middle East
1,003 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,403 days Could Crypto Overtake Traditional Investment?
1,408 days Americans Still Quitting Jobs At Record Pace
1,410 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,413 days Is The Dollar Too Strong?
1,413 days Big Tech Disappoints Investors on Earnings Calls
1,414 days Fear And Celebration On Twitter as Musk Takes The Reins
1,416 days China Is Quietly Trying To Distance Itself From Russia
1,416 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,420 days Crypto Investors Won Big In 2021
1,420 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,421 days Food Prices Are Skyrocketing As Putin’s War Persists
1,423 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,424 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,427 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,428 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,428 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,430 days Are NFTs About To Take Over Gaming?

Trade In Counterfeit Goods Hits Half A Trillion Dollars

The counterfeit market has breached…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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