Gold price steady while oil price falls
Gold is holding above $1600 while oil has dropped back overnight.
Gold holds above $1600
The gold price continues to hold above $1600, with $1640 the next target to the upside.
From here $1670 and $1705 come into view. A deeper retracement brings $1560 as support back into play.
Brent retreats from recent highs
Oil is once again falling, but for the time being Brent has held above $28.00.
A rally through $30.00 clears short-term trendline resistance, and if it can clear $30.50 then the next target becomes $32.30, where the bounce last week ran out of steam.
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