Commodity Prices

Gold •20 mins	2,403.90	+5.90	+0.25%
Platinum •20 mins	955.30	+0.80	+0.08%
WTI Crude •10 mins	83.65	+0.92	+1.11%
Gasoline •10 mins	2.721	+0.007	+0.27%
Ethanol •10 hours	2.161	+0.000	+0.00%
Silver •20 mins	28.48	+0.10	+0.35%

Silver • 20 mins	28.48	+0.10	+0.35%
Copper • 20 mins	4.457	+0.020	+0.45%
Brent Crude • 10 mins	87.94	+0.83	+0.95%
Natural Gas • 10 mins	1.757	-0.229	-11.53%
Heating Oil • 10 mins	2.555	+0.021	+0.83%

Headlines

309 days Will The ECB Continue To Hike Rates?
309 days Forbes: Aramco Remains Largest Company In The Middle East
311 days Caltech Scientists Succesfully Beam Back Solar Power From Space
711 days Could Crypto Overtake Traditional Investment?
715 days Americans Still Quitting Jobs At Record Pace
717 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
720 days Is The Dollar Too Strong?
721 days Big Tech Disappoints Investors on Earnings Calls
722 days Fear And Celebration On Twitter as Musk Takes The Reins
723 days China Is Quietly Trying To Distance Itself From Russia
724 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
728 days Crypto Investors Won Big In 2021
728 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
729 days Food Prices Are Skyrocketing As Putin’s War Persists
731 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
731 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
735 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
735 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
736 days Two ETFs That Could Hedge Against Extreme Market Volatility
738 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

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).

Daily Technical Report