Gold price and oil price both higher in early trading
Gold’s retracement has run its course, with the price moving higher once again. Meanwhile, oil prices are moving up as well.
Gold resumes its march higher
It looks like the next move higher in gold is finally here. After finding support around $1915 the price has made steady gains, breaking through trendline resistance and pushing back towards $2000. Further gains target the August peak at $2070. Intraday higher lows should be viewed as possible buying opportunities, while a more bearish view requires a substantial reversal that pushes the price back below $1910.
WTI edges up once more
The steady drift higher in WTI continues, with the price continuing to consolidate above $43. Further gains above $43.50 create a higher high, and continue to reinforce the uptrend.
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