"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,814.00 | +33.10 | +1.86% |
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Platinum •10 mins | 1,006.30 | +40.40 | +4.18% |
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WTI Crude •11 mins | 44.63 | -0.71 | -1.57% |
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Gasoline •11 mins | 1.223 | -0.019 | -1.50% |
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Ethanol •17 hours | 1.400 | +0.050 | +3.70% |
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Silver •10 mins | 23.90 | +1.30 | +5.76% |
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Silver • 10 mins | 23.90 | +1.30 | +5.76% | |
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Copper • 10 mins | 3.490 | +0.052 | +1.50% | |
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Brent Crude • 10 mins | 47.45 | -0.43 | -0.90% | |
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Natural Gas • 10 mins | 2.857 | -0.025 | -0.87% | |
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Heating Oil • 10 mins | 1.354 | -0.018 | -1.31% |
The Economic Community of West…
An economic slowdown in many…
More freeports open around the…
Gold seems to be in a short-term upside move. Yet, the metal is still trading between hourly support at 1046 (03/12/2015 low) and resistance at 1113 (08/01/2016 high). Expect to show continued a deeper upside move.
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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