Gold price holds steady as oil price edges lower
Gold continues to hold above the 200-day SMA, while oil has dropped back from recent highs.
Gold moves up, holding above 200-day SMA
The gold price saw little overall movement yesterday, but it did succeed in closing above the 200-day SMA ($1842). If it continues to build a base around these levels then a more bullish view may develop, with a move above $1860 providing the trigger for more upside. This view is cancelled out with a drop below $1820.
WTI gains stall
A move above $54 continues to elude the WTI price, although the current action looks more like consolidation rather than a bigger move lower, given the absence of lower lows and lower highs.
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