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Gold Fails to Hold $1,800/oz Level

COMMODITIES

Trend conditions in Gold remain bullish and the latest retracement (early last week) appears to be a correction. A fresh trend high on Dec 5 reinforced a bullish theme and price has recently breached $1786.5, the Nov 15 high and a bull trigger. Trend conditions in WTI futures remain bearish and last week’s move lower has reinforced this theme. $74.96, the Sep 28 low, has recently been cleared. This break confirmed a resumption of the downtrend and sights are on the $70.00 psychological handle.


  • WTI Crude down $0.63 or -0.89% at $70.37
  • Natural Gas up $0.62 or +9.93% at $6.873
  • Gold spot down $4.79 or -0.27% at $1791.28
  • Copper down $2.4 or -0.62% at $385.55
  • Silver up $0.04 or +0.17% at $23.4853
  • Platinum down $4.34 or -0.42% at $1022.15
Energy BulletsCommodities
Energy BulletsCommodities

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