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Gold •10 mins	1,283.60	-1.80	-0.14%
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WTI Crude •1 day	58.63	+0.72	+1.24%
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Silver •10 mins	14.56	-0.06	-0.40%

Silver • 10 mins	14.56	-0.06	-0.40%
Copper • 10 mins	2.700	+0.019	+0.71%
Ethereum • 1 min	248.45	-2.75	-1.09%
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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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