Commodity Prices

Gold •732 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,643.30	+15.20	+0.93%
WTI Crude •11 mins	68.73	+0.04	+0.06%
Gasoline •11 mins	2.953	+0.036	+1.23%
Ethanol •732 days	2.161	+0.000	+0.00%
Silver •732 days	30.82	+1.16	+3.92%

Silver • 732 days	30.82	+1.16	+3.92%
Copper • 732 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	71.96	-0.16	-0.22%
Natural Gas • 11 mins	3.195	-0.001	-0.03%
Heating Oil • 11 mins	3.271	+0.089	+2.78%

Headlines

1,117 days Will The ECB Continue To Hike Rates?
1,117 days Forbes: Aramco Remains Largest Company In The Middle East
1,119 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,519 days Could Crypto Overtake Traditional Investment?
1,523 days Americans Still Quitting Jobs At Record Pace
1,525 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,528 days Is The Dollar Too Strong?
1,529 days Big Tech Disappoints Investors on Earnings Calls
1,530 days Fear And Celebration On Twitter as Musk Takes The Reins
1,531 days China Is Quietly Trying To Distance Itself From Russia
1,532 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,535 days Crypto Investors Won Big In 2021
1,536 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,537 days Food Prices Are Skyrocketing As Putin’s War Persists
1,539 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,539 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,542 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,543 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,543 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,545 days Are NFTs About To Take Over Gaming?

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

Gold - Bullish Momentum is Growing

By - Jan 26, 2016, 5:44 AM CST

Gold's short-term upside move continues. The metal has broken hourly resistance at 1113 (08/01/2016 high. Hourly support is given at 1046 (03/12/2015 low). Expected to show 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).

Daily Technical Report