"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •174 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 964.80 | +13.30 | +1.40% |
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WTI Crude •18 hours | 70.10 | +0.86 | +1.24% |
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Gasoline •18 hours | 1.959 | +0.021 | +1.06% |
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Ethanol •174 days | 2.161 | +0.000 | +0.00% |
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Silver •174 days | 30.82 | +1.16 | +3.92% |
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Silver • 174 days | 30.82 | +1.16 | +3.92% | |
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Copper • 174 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 18 hours | 73.58 | +0.95 | +1.31% | |
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Natural Gas • 18 hours | 3.946 | +0.290 | +7.93% | |
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Heating Oil • 18 hours | 2.222 | -0.005 | -0.22% |
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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).
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