Gold price rallies while oil price continues to decline
Gold has returned to the highs seen last Friday, while oil prices continue to fall.
Gold challenges $1515
The price of gold has continued to rise, heading back to the $1515 high that marked the peak last Friday.
A close above here clears the way to $1535 and then $1550. A reversal would open the way to $1485.
WTI still under pressure
Lower highs and lower lows have been seen here for WTI over the past few days, putting pressure on the move higher from early October.
A move below $53.75 creates a new lower low, while a push above $54.50 would mark a possible recovery, although a rally through $55.50 would be needed to cement the more bullish view.
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