Commodity Prices

Gold •355 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,276.10	-7.80	-0.61%
WTI Crude •10 mins	65.10	-3.41	-4.98%
Gasoline •11 mins	2.130	-0.088	-3.97%
Ethanol •355 days	2.161	+0.000	+0.00%
Silver •355 days	30.82	+1.16	+3.92%

Silver • 355 days	30.82	+1.16	+3.92%
Copper • 355 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.96	-3.52	-4.92%
Natural Gas • 10 mins	3.585	-0.113	-3.06%
Heating Oil • 10 mins	2.230	-0.133	-5.63%

Headlines

740 days Will The ECB Continue To Hike Rates?
740 days Forbes: Aramco Remains Largest Company In The Middle East
742 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,142 days Could Crypto Overtake Traditional Investment?
1,146 days Americans Still Quitting Jobs At Record Pace
1,148 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,151 days Is The Dollar Too Strong?
1,152 days Big Tech Disappoints Investors on Earnings Calls
1,153 days Fear And Celebration On Twitter as Musk Takes The Reins
1,154 days China Is Quietly Trying To Distance Itself From Russia
1,155 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,159 days Crypto Investors Won Big In 2021
1,159 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,160 days Food Prices Are Skyrocketing As Putin’s War Persists
1,162 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,162 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,166 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,166 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,167 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,169 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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 - Solid Momentum

By - Feb 05, 2016, 5:59 AM CST

Gold continues to move higher. Hourly support is given at 1046 (03/12/2015 low) and hourly resistance can be found at 1191 (15/10/2015 high). 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