Commodity Prices

Gold •15 mins	1,743.00	+14.70	+0.85%
Platinum •15 mins	873.10	+5.00	+0.58%
WTI Crude •17 hours	35.49	+1.78	+5.28%
Gasoline •17 hours	1.079	+0.053	+5.12%
Ethanol •17 hours	1.150	+0.033	+2.95%
Silver •15 mins	18.49	+0.52	+2.88%

Silver • 15 mins	18.49	+0.52	+2.88%
Copper • 15 mins	2.443	+0.029	+1.20%
Brent Crude • 17 hours	37.84	+1.81	+5.02%
Natural Gas • 17 hours	1.849	+0.022	+1.20%
Heating Oil • 17 hours	1.037	+0.062	+6.31%

Headlines

21 hours Escalating Tensions Could Crush $52 Billion China-U.S. Energy Deal
2 days The Fed Is Printing Money At Unprecedented Levels
2 days How Is The Real Estate Market Handling COVID-19?
2 days Gold Flat As Markets Await Fed Chair Speech
2 days What Is Day Trading And Is It Right For You?
2 days Energy CEOs See Big Payouts Despite Oil Price Crash
2 days Saudi Arabia Is Fighting A War On Two Fronts
2 days 40 Million Jobless As Pandemic Fuels Economic Collapse
2 days What Do India's Latest Reforms Mean For Its Coal Industry?
2 days Copper Glut Continues To Grow
3 days How A Pandemic Made Americans Better Workers
3 days The Trillion Dollar Space Race Crosses Another Milestone
3 days Gold Prices Fall As Stock Market Sentiment Turns Positive
4 days Conspiracy Theories Set Tone For 5G Cold War
4 days Working From Home Will Transform The Energy Industry
4 days The Multi-Billion Dollar Race For A Vaccine
4 days Can Domestic Tourism Bolster Emerging Economies?
4 days Australia Considers $100 Million Investment To Kickstart Mining Industry
4 days Has Re-Opening The Economy Been Successful?
4 days Gold Miners Still Have Massive Upside Potential

The Problem With Modern Monetary Theory

Modern monetary theory has been…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Former Support Becomes New Resistance

By - Nov 30, 2016, 7:06 AM CST

Gold remains weak. Strong support found at 1199 (30/05/2016 low ) is now a new resistance. The technical structure indicates that the road is wide-open for further weakness. Indeed, further downsides may be expected as there is no close support.

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