Commodity Prices

Gold •15 mins	1,751.40	-5.30	-0.30%
Platinum •15 mins	930.60	+7.30	+0.79%
WTI Crude •20 hours	71.97	-0.64	-0.88%
Gasoline •20 hours	2.171	-0.010	-0.45%
Ethanol •20 hours	2.207	+0.000	+0.00%
Silver •15 mins	22.34	-0.46	-2.00%

Silver • 15 mins	22.34	-0.46	-2.00%
Copper • 15 mins	4.246	-0.036	-0.83%
Brent Crude • 19 hours	75.34	-0.33	-0.44%
Natural Gas • 20 hours	5.105	-0.230	-4.31%
Heating Oil • 20 hours	2.209	-0.002	-0.09%

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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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