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Gold price surges while oil price holds steady

Gold is at a two-month high, while oil prices have held steady.

Gold bounce hits two-month high

The price of gold continues to rally moving to its highest level since late October.

Then it hit resistance at $1515, so a move through this area would be a positive development, targeting $1555. Bears will have to wait for a move back below the 50-day simple moving average (SMA) at $1478.

WTI still in uptrend

The price of WTI continues to push higher, as it has done since the October low. Further gains target the September high at $62.56.

With the 50-day SMA now crossing above the 200-day further gains may be forthcoming, while pullbacks on the daily chart will be possible buying opportunities.


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