Gold calm after drop while Brent crude pushes higher
Gold suffered yesterday as a stronger dollar and rising yields jolted it out of its complacency, but oil prices have resumed their move higher.
Gold
Gold suffered a sharp drop yesterday after days of pushing higher, but for now $1860 is holding as support. Sellers will want to see a renewed drop below $1860, or a bounce that fails to recover $1900. If buyers can recover $1900 then a new move higher could develop.
Brent
Brent crude continues to show signs of bullishness, after a small drop towards $71 over the past two days. The bounce from here has gathered pace and targets gains above $72, with the uptrend of the past three weeks still firmly in place.
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