Commodity Prices

Gold •249 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	966.40	-0.10	-0.01%
WTI Crude •10 mins	66.66	-0.38	-0.57%
Gasoline •15 mins	2.097	-0.012	-0.55%
Ethanol •249 days	2.161	+0.000	+0.00%
Silver •249 days	30.82	+1.16	+3.92%

Silver • 249 days	30.82	+1.16	+3.92%
Copper • 249 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	70.01	-0.35	-0.50%
Natural Gas • 10 mins	4.637	+0.238	+5.41%
Heating Oil • 10 mins	2.202	-0.014	-0.64%

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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