Gold edges up while oil holds steady
Gold is attempting to recover from last week’s losses, while oil is targeting new gains once more.
Gold
Gold's steep drop seems to have stalled for now, bouncing from $1765, with $1800 in sight where the price stalled on Friday. A move above here helps to reinforce the impression of a higher low on the daily chart. A reversal back below $1760 renews the bearish view and hands the initiative back to the sellers.
WTI
Unlike many other markets, oil closed out last week with only small losses. A move back above $72 now seems likely as new three-year highs come into play, now that the buyers have managed to hold the price above $70.
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