CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

Gold price moves higher as oil price continues to fall

Gold is in favour again while oil prices have resumed their downward move now that the OPEC+ meeting is out of the way.

Gold finds new upward momentum

The rally continues in the gold price, as it was able to hit a new higher high yesterday.

The price has edged lower overnight, but may be forming a higher low above $1700. Further gains target $1740, while a deeper move lower would head towards $1680. For the time being, however, it looks like the advantage continues to lie with the buyers.

WTI pushes lower as demand concerns weigh

Having run into resistance around $30.00, the WTI price has begun to turn lower, pushing below $27.00, which was support last week.

A rebound towards $27.50 to create a lower high could throw up a fresh selling opportunity, while a more bullish view requires a move back above $29.00 to then bring about another test of $30.00 and higher.


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