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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