​Gold and Brent prices rise, with gold expected to outperform​

Gold and Brent crude push higher, with the precious metal expected to outperform amid ongoing market fears.

​Gold on the rise after brief pullback

Gold has started to move higher once again, following a brief period of weakness at the start of the week.

With a clear bullish trend in play over recent months, it looks like we are set for further upside in accordance with that trend. A break back below $1525 would bring a bearish picture for the short term. However, until that happens, further gains seem likely for gold.

Brent rallies into notable resistance level

Brent managed to rebound into the $59.67 resistance level yesterday, with the price seemingly in consolidation mode below that key level. With the wider picture pointing towards a potential breakdown for the commodity, we could turn lower from here.

However, it is worthwhile noting that we would want to see a break below $57.47 to bring a more confident bearish picture into play. With lower highs and higher lows, we are essentially in consolidation mode. Thus, watch for how we respond to this $59.67 level as a gauge of where we could go from here.​


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