Commodity Prices

Gold •10 mins	1,586.40	+7.60	+0.48%
Platinum •10 mins	968.80	-5.90	-0.61%
WTI Crude •2 days	52.05	+0.63	+1.23%
Gasoline •2 days	1.727	+0.005	+0.27%
Ethanol •2 days	1.358	+0.015	+1.12%
Silver •10 mins	17.73	+0.12	+0.65%

Silver • 10 mins	17.73	+0.12	+0.65%
Copper • 10 mins	2.600	-0.014	-0.52%
Brent Crude • 1 day	57.32	+0.98	+1.74%
Natural Gas • 2 days	1.856	+0.030	+1.64%
Heating Oil • 2 days	1.694	+0.015	+0.92%

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Gold - Bearish Pressures Increase

By - Mar 07, 2017, 6:26 AM CST

Gold is showing no signs of reversing bearish course after recent pullbacks. The positive midterm trend has been broken. It is unlikely that the metal will test again 1263 (27/02/2017 high) resistance.

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