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Gold •10 mins	1,312.30	+5.00	+0.38%
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Bitcoin •1 min	3,992.98	+7.35	+0.18%
WTI Crude •8 hours	59.04	-0.94	-1.57%
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Silver •10 mins	15.41	-0.03	-0.19%

Silver • 10 mins	15.41	-0.03	-0.19%
Copper • 10 mins	2.843	-0.064	-2.19%
Ethereum • 1 min	136.93	+1.66	+1.23%
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Natural Gas • 8 hours	2.767	-0.060	-2.12%

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Gold - Back Above 1100

By - Jan 21, 2016, 5:47 AM CST

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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