"No warning can save people determined to grow suddently rich" - Lord Overstone
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Gold •10 mins | 1,415.00 | +1.50 | +0.11% |
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Platinum •10 mins | 842.50 | -2.70 | -0.32% |
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Bitcoin •1 min | 10,957.52 | +850.93 | +8.42% |
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WTI Crude •11 mins | 59.53 | -0.05 | -0.08% |
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Gasoline •15 mins | 1.885 | -0.002 | -0.11% |
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Silver •10 mins | 15.38 | +0.01 | +0.07% |
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Silver • 10 mins | 15.38 | +0.01 | +0.07% | |
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Copper • 10 mins | 2.713 | +0.002 | +0.06% | |
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Ethereum • 1 min | 232.37 | +14.84 | +6.82% | |
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Brent Crude • 10 mins | 66.49 | +0.01 | +0.02% | |
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Natural Gas • 10 mins | 2.397 | -0.011 | -0.46% |
Welcome to Art Basel: The…
Stocks sold off last week…
It’s a mistake to view…
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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