Commodity Prices

Gold •243 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	964.40	-7.50	-0.77%
WTI Crude •10 mins	67.86	-0.51	-0.75%
Gasoline •10 mins	2.186	-0.001	-0.06%
Ethanol •243 days	2.161	+0.000	+0.00%
Silver •243 days	30.82	+1.16	+3.92%

Silver • 243 days	30.82	+1.16	+3.92%
Copper • 243 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.85	-0.77	-1.08%
Natural Gas • 10 mins	4.115	-0.007	-0.17%
Heating Oil • 10 mins	2.275	+0.014	+0.63%

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Gold - Back Within Former Uptrend Channel

By - Nov 08, 2016, 6:27 AM CST

Gold's new leg higher is definitely on despite ongoing consolidation. Hourly resistance is given at 1308 (02/11/2016 high). Hourly support is located at 1261 (21/10/2016 high). Stronger support can be found at 1241 (07/10/2016 low). Expected to see continued consolidation.

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).

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