Gold price and oil price edging up in quiet trade
Both gold and oil are rising, although with US markets closed for the day it is likely to be a quiet end to the week.
Gold still targeting $1790
This uptrend shows no sign of slowing for gold, although for now the price is drifting lower from $1780.
Further gains target $1790, and we would need to see a reversal below $1760 at least to suggest that a more near-term bearish view has emerged.
Brent clambers higher
The uptrend from the mid-June low is still in place for Brent crude, although the price has yet to recover the peak from 23 June at $44.
Higher lows and higher highs over the past two weeks reinforce the bullish view, with a more bearish outlook requiring a drop below $41 and then below $40.
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