Commodity Prices

Gold •15 mins	1,513.60	+7.40	+0.49%
Platinum •15 mins	945.30	+2.90	+0.31%
WTI Crude •11 mins	58.69	+0.50	+0.86%
Gasoline •11 mins	1.666	+0.003	+0.19%
Ethanol •8 hours	1.374	-0.012	-0.87%
Silver •15 mins	18.02	+0.14	+0.76%

Silver • 15 mins	18.02	+0.14	+0.76%
Copper • 15 mins	2.625	+0.017	+0.63%
Brent Crude • 11 mins	63.78	+0.45	+0.71%
Natural Gas • 13 mins	2.566	-0.003	-0.12%
Heating Oil • 11 mins	2.006	+0.007	+0.34%

Headlines

9 hours S&P 500 Officially In An Earnings Recession
13 hours Miners Are Weathering The Trade War Storm
16 hours UK Credit Card Interest Rates Are Skyrocketing
1 day From Frenzy To Flop, The Death Of This Year’s Most Hyped IPO
2 days Are Smart TVs Spying On Us?
2 days Is Fossil Fuel Divestment A Waste Of Time?
2 days A Russian Billionaire’s Space Quest To Save Humanity
2 days Markets Take Breather As Consolidation Continues
3 days Economic Woes Weigh On Copper Prices
3 days World's Largest IPO At Risk Following Drone Strikes
3 days Gold Is Beating Buffett’s Berkshire Hathaway
3 days What’s Behind The Silver Sell-Off?
4 days The Retail Apocalypse Is Accelerating
4 days The Top Tech Stocks Of The Year
4 days America’s Workforce Elderly Workforce To Double By 2028
5 days Toyota Tests Solar-Powered Prius
5 days Why The Gold Rally Flatlined
6 days The Uranium Sector Can’t Catch A Break
6 days Upcoming Fed Meeting Has Investors On Edge
7 days Global Gold Sector Outlines Responsible Mining Principles

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

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