Commodity Prices

Gold •796 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,836.00	+10.00	+0.55%
WTI Crude •11 mins	94.30	+2.82	+3.08%
Gasoline •11 mins	3.270	+0.055	+1.72%
Ethanol •796 days	2.161	+0.000	+0.00%
Silver •796 days	30.82	+1.16	+3.92%

Silver • 796 days	30.82	+1.16	+3.92%
Copper • 796 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	98.79	+1.79	+1.85%
Natural Gas • 11 mins	2.972	-0.003	-0.10%
Heating Oil • 12 mins	4.684	+0.144	+3.17%

Headlines

1,181 days Will The ECB Continue To Hike Rates?
1,181 days Forbes: Aramco Remains Largest Company In The Middle East
1,183 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,583 days Could Crypto Overtake Traditional Investment?
1,587 days Americans Still Quitting Jobs At Record Pace
1,589 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,592 days Is The Dollar Too Strong?
1,593 days Big Tech Disappoints Investors on Earnings Calls
1,594 days Fear And Celebration On Twitter as Musk Takes The Reins
1,595 days China Is Quietly Trying To Distance Itself From Russia
1,596 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,600 days Crypto Investors Won Big In 2021
1,600 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,601 days Food Prices Are Skyrocketing As Putin’s War Persists
1,603 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,603 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,607 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,607 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,608 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,610 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

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 - Bullish Breakout

By - Nov 02, 2016, 7:07 AM CDT

Gold's new leg higher is definitely on. Hourly resistance given at 1284 (28/10/2016 high) hs been broken. 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