Commodity Prices

Gold •15 mins	1,644.40	+1.90	+0.12%
Platinum •15 mins	890.20	-15.30	-1.69%
WTI Crude •10 mins	46.23	-0.86	-1.83%
Gasoline •12 mins	1.488	-0.033	-2.18%
Ethanol •2 hours	1.245	-0.026	-2.05%
Silver •15 mins	17.60	-0.14	-0.76%

Silver • 15 mins	17.60	-0.14	-0.76%
Copper • 15 mins	2.542	-0.030	-1.17%
Brent Crude • 11 mins	50.82	-0.91	-1.76%
Natural Gas • 10 mins	1.737	-0.015	-0.86%
Heating Oil • 10 mins	1.469	-0.019	-1.25%

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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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