Commodity Prices

Gold •787 days	2,368.70	+35.30	+1.51%
Platinum •20 mins	1,854.30	+0.50	+0.03%
WTI Crude •1 day	83.40	-0.13	-0.16%
Gasoline •1 day	3.490	+0.106	+3.12%
Ethanol •787 days	2.161	+0.000	+0.00%
Silver •787 days	30.82	+1.16	+3.92%

Silver • 787 days	30.82	+1.16	+3.92%
Copper • 787 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	88.10	-0.42	-0.47%
Natural Gas • 1 day	2.888	-0.026	-0.89%
Heating Oil • 1 day	4.349	+0.070	+1.63%

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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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