Brent crude oil price and gold price on the rise
Gold and Brent crude on the rise, yet questions remain for gold given risk-on sentiment.
Gold rebounding after sharp declines overnight
Gold has been on the rise this morning, following on from a sharp decline yesterday.
The creation of higher highs and higher lows remain in play given the failure to break below $1458 support. That points towards a potential rise over the short term. However, with a wider bearish picture remaining in play, a decline below $1462 would likely put the bear back in the driving seat.
Brent crude continues to rise, breaking through resistance
Brent has continued to gain ground, with the rise through $64.41 signaling a potential bullish push from here.
The final hurdle to overcome is $64.64, where a rise through that point would negate the bearish signal that came with a decline below $63.28.
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