Commodity Prices

Gold •301 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	969.50	+0.10	+0.01%
WTI Crude •10 mins	58.58	+0.37	+0.64%
Gasoline •10 mins	2.036	+0.018	+0.90%
Ethanol •302 days	2.161	+0.000	+0.00%
Silver •301 days	30.82	+1.16	+3.92%

Silver • 301 days	30.82	+1.16	+3.92%
Copper • 301 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	61.44	+0.38	+0.62%
Natural Gas • 10 mins	3.423	+0.097	+2.92%
Heating Oil • 10 mins	2.001	-0.001	-0.06%

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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).

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