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Gold Remains Bullish Despite Reversal Off Monday High

COMMODITIES

Gold traded in a volatile manner Monday. The trend condition is bullish and Monday’s initial gains reinforce this theme. The precious metal touched a fresh all-time high of $2135.39 and this signals potential for a climb towards 2177.58 next. The trend outlook in WTI futures remains bearish and the move lower from last Thursday’s high, reinforces this set-up. Resistance to watch is $79.65, the Nov 14 high. A breach of this hurdle would strengthen any developing bullish threat.

  • WTI Crude down $0.3 or -0.41% at $72.03
  • Natural Gas down $0.01 or -0.48% at $2.693
  • Gold spot up $2.19 or +0.11% at $2021.19
  • Copper up $2.75 or +0.73% at $381.45
  • Silver down $0.05 or -0.23% at $24.0935
  • Platinum down $0.2 or -0.02% at $902.56

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