Commodity Prices

Gold •10 mins	1,641.60	-8.40	-0.51%
Platinum •10 mins	931.80	-0.50	-0.05%
WTI Crude •11 mins	50.34	+0.44	+0.88%
Gasoline •10 mins	1.630	-0.012	-0.74%
Ethanol •5 hours	1.316	-0.016	-1.20%
Silver •10 mins	18.02	-0.17	-0.94%

Silver • 10 mins	18.02	-0.17	-0.94%
Copper • 10 mins	2.580	-0.002	-0.08%
Brent Crude • 10 mins	54.70	+0.44	+0.81%
Natural Gas • 11 mins	1.845	-0.006	-0.32%
Heating Oil • 10 mins	1.574	+0.008	+0.52%

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Gold - No Selling Pressures Below 1265

By - Oct 28, 2016, 7:00 AM CDT

Gold's new leg has started. The metal is moving up toward hourly resistance at 1277 (05/10/2016 high). Hourly support is located at 1261 (21/10/2016 high). Stronger support is given at 1241 (07/10/2016 low ). Expected to see continued upside pressures.

In the long-term, the technical structure suggests that there is a growing upside momentum. A break of 1392 (17/03/2014) is necessary ton confirm it, A major support can be found at 1045 (05/02/2010 low).

Daily Technical Report