Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​​​​Gold and silver edge up in morning trading while Brent crude remains under pressure​​​​

​​Precious metals have edged higher after Monday’s losses, but oil prices continue to struggle. ​

Source: Bloomberg

​​​Gold consolidates after gains

​Gold saw some of its bullish momentum ebb on Monday, halting the leg higher seen over the last week. ​ ​Should this turn into a more substantial pullback then the 200-day SMA could be an initial target for any downside support. ​ ​A close back above $1983 continues to target $2000 in the first instance.

Source: ProRealTime

​Brent crude price drops back from last week’s high

​Oil prices suffered a further knock on Monday, falling back towards the 50-day SMA. ​ ​For Brent, a close back below $88 would be a potentially bearish development, as it might then see trendline support from the October low broken. ​ ​Buyers will want to see the price hold above this level and then a move back towards $92 to maintain the bullish outlook.

Source: ProRealTime

​Silver eyes renewed attempt to clear 200-day MA ​

The price seemed to reverse course on Monday, though a close back below $22.50 is needed to suggest that a lower high has formed. ​ ​A recovery back above the 200-day SMA might help to suggest that a fresh leg higher is underway, with a close above $23.80 helping to solidify the bullish view.

Source: ProRealTime

Related articles

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.