Commodity Prices

Gold •10 mins	1,648.80	+28.30	+1.75%
Platinum •10 mins	976.10	-2.90	-0.30%
WTI Crude •1 day	53.38	-0.50	-0.93%
Gasoline •1 day	1.761	-0.023	-1.31%
Ethanol •1 day	1.337	-0.013	-0.96%
Silver •10 mins	18.53	+0.21	+1.15%

Silver • 10 mins	18.53	+0.21	+1.15%
Copper • 10 mins	2.608	+0.020	+0.77%
Brent Crude • 1 day	57.94	-0.86	-1.46%
Natural Gas • 1 day	1.917	-0.014	-0.73%
Heating Oil • 1 day	1.682	-0.011	-0.67%

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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).

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