Commodity Prices

Gold •686 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,965.60	+6.00	+0.31%
WTI Crude •11 mins	98.83	+0.57	+0.58%
Gasoline •33 mins	3.492	+0.005	+0.13%
Ethanol •686 days	2.161	+0.000	+0.00%
Silver •686 days	30.82	+1.16	+3.92%

Silver • 686 days	30.82	+1.16	+3.92%
Copper • 686 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	105.48	+0.46	+0.44%
Natural Gas • 12 mins	3.035	+0.031	+1.03%
Heating Oil • 25 mins	3.931	-0.017	-0.42%

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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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