Commodity Prices

Gold •687 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,978.40	+18.80	+0.96%
WTI Crude •11 mins	98.06	-0.20	-0.20%
Gasoline •11 mins	3.454	-0.034	-0.96%
Ethanol •687 days	2.161	+0.000	+0.00%
Silver •687 days	30.82	+1.16	+3.92%

Silver • 687 days	30.82	+1.16	+3.92%
Copper • 687 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	104.80	-0.22	-0.21%
Natural Gas • 11 mins	2.990	-0.014	-0.47%
Heating Oil • 15 mins	3.893	-0.054	-1.36%

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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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