Commodity Prices

Gold •10 mins	1,302.70	+1.20	+0.09%
Platinum •10 mins	835.50	+1.50	+0.18%
Bitcoin •1 min	3,969.22	-15.75	-0.40%
WTI Crude •12 mins	59.03	-0.06	-0.10%
Gasoline •13 mins	1.866	-0.001	-0.04%
Silver •10 mins	15.34	+0.01	+0.08%

Silver • 10 mins	15.34	+0.01	+0.08%
Copper • 10 mins	2.911	+0.002	+0.07%
Ethereum • 1 min	137.88	-0.99	-0.72%
Brent Crude • 2 hours	67.54	+0.38	+0.57%
Natural Gas • 18 mins	2.850	-0.006	-0.21%

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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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