Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,722.00	+3.10	+0.18%
WTI Crude •11 mins	90.32	-0.10	-0.11%
Gasoline •11 mins	3.272	+0.012	+0.36%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.11	+0.08	+0.08%
Natural Gas • 14 mins	2.993	-0.033	-1.09%
Heating Oil • 5 hours	4.957	+0.059	+1.20%

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Gold - Breaking 1200 Dollars

By - Feb 11, 2016, 6:12 AM CST

Gold's strong bullish momentum is consolidating. Hourly support is given at 1046 (03/12/2015 low) and hourly resistance at 1191 (15/10/2015 high) has been broken. 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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