Commodity Prices

Gold •623 days	2,368.70	+35.30	+1.51%
Platinum •14 mins	1,956.70	-99.90	-4.86%
WTI Crude •11 mins	96.54	+0.22	+0.23%
Gasoline •11 mins	3.209	+0.110	+3.55%
Ethanol •623 days	2.161	+0.000	+0.00%
Silver •623 days	30.82	+1.16	+3.92%

Silver • 623 days	30.82	+1.16	+3.92%
Copper • 623 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	113.61	+6.23	+5.80%
Natural Gas • 11 mins	3.179	+0.114	+3.72%
Heating Oil • 11 mins	4.427	+0.229	+5.46%

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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).

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