Commodity Prices

Gold •332 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,054.90	-24.50	-2.27%
WTI Crude •1 day	60.79	-0.15	-0.25%
Gasoline •1 day	2.015	-0.022	-1.08%
Ethanol •332 days	2.161	+0.000	+0.00%
Silver •332 days	30.82	+1.16	+3.92%

Silver • 332 days	30.82	+1.16	+3.92%
Copper • 332 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	62.78	-0.57	-0.90%
Natural Gas • 1 day	3.447	-0.075	-2.13%
Heating Oil • 1 day	2.005	-0.029	-1.42%

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Gold - Wide-Open For Further Decline

By - May 03, 2017, 6:46 AM CDT

Gold continues its decline after the yellow metal has faded near the hourly resistance at 1295 (18/04/2017 high). Hourly support located at 1260 (26/04/2017 low) has been broken. The road is wide-open for further decline.

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