Commodity Prices

Gold •366 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,407.10	+25.00	+1.81%
WTI Crude •24 hours	66.50	-0.50	-0.75%
Gasoline •24 hours	2.117	-0.002	-0.07%
Ethanol •366 days	2.161	+0.000	+0.00%
Silver •366 days	30.82	+1.16	+3.92%

Silver • 366 days	30.82	+1.16	+3.92%
Copper • 366 days	4.530	+0.111	+2.51%
Brent Crude • 23 hours	68.30	-0.50	-0.73%
Natural Gas • 24 hours	3.387	-0.022	-0.65%
Heating Oil • 24 hours	2.409	+0.039	+1.65%

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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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