Commodity Prices

Gold •15 mins	1,793.80	+0.30	+0.02%
Platinum •15 mins	835.60	-2.10	-0.25%
WTI Crude •10 mins	40.10	-0.53	-1.30%
Gasoline •10 mins	1.230	-0.010	-0.84%
Ethanol •51 mins	1.340	+0.021	+1.59%
Silver •15 mins	18.48	-0.10	-0.55%

Silver • 15 mins	18.48	-0.10	-0.55%
Copper • 15 mins	2.777	+0.002	+0.09%
Brent Crude • 10 mins	42.56	-0.54	-1.25%
Natural Gas • 10 mins	1.846	+0.016	+0.87%
Heating Oil • 10 mins	1.234	-0.008	-0.63%

Headlines

8 hours TikTok Is Becoming A New Battleground For Tech Politics
13 hours Peru's Mining Industry Pummeled As Coronavirus Cases Surge
15 hours Why The World Is So Divided In Its COVID-19 Response
1 day Equities Cheer Stellar Jobs Report, But It May Be Fleeting
2 days Is Tech Billionaire Peter Thiel Done With Trump?
3 days Musk Takes To Twitter To Troll The SEC
4 days Lunar Mining May Commence As Early As 2025
4 days Immigration Will Go Bust Without $1.2B Bailout
5 days The Economics Of The Space Race
6 days Why The World's Central Banks Aren't Yet Sold On Renewables
6 days How Much More Cash Can Uber Burn?
7 days Inside The Biggest Counterfeit Gold Scandal In Recent History
7 days EU-U.S. Trade Relations Are Deteriorating
7 days Over 184 Companies Have Bailed On Facebook
7 days BP Sells Petrochemical Business For $5 Billion
8 days U.S. Moves To Secure Domestic Rare Earth Supply
8 days E-Commerce Explodes As Boomers Go Digital
9 days Major U.S. Cities Are Turning To Renewables
9 days Economic Reopening Backfires, COVID Surge Snaps Recovery
10 days How Are Low Car Sales Impacting The Metals Market?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Pausing

By - Dec 07, 2015, 5:11 AM CST

Gold is now pausing after the metal has spiked last Friday. Hourly support lies at 1044 (05/02/2015 low). Hourly resistance is given at 1110 (06/11/2015 high). Expected to show further 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