Commodity Prices

Gold •723 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,646.20	+27.40	+1.69%
WTI Crude •11 mins	69.43	-2.49	-3.46%
Gasoline •11 mins	2.957	-0.070	-2.32%
Ethanol •723 days	2.161	+0.000	+0.00%
Silver •723 days	30.82	+1.16	+3.92%

Silver • 723 days	30.82	+1.16	+3.92%
Copper • 723 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	72.12	-3.14	-4.17%
Natural Gas • 11 mins	3.318	-0.025	-0.75%
Heating Oil • 11 mins	3.231	-0.067	-2.03%

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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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