Gold prices under renewed pressure while oil prices rally
Gold has taken a tumble as the dollar strengthens, but oil is still in full rally-mode.
Gold
Gold prices took a knock yesterday, causing them to slump below $1780 support.
A small recovery today leaves the bearish view firmly intact, and even a bounce towards $1790 would still have further to go before challenging trendline resistance from the September peak.
WTI
It has been a great week for oil prices, which have soared back in the direction of their summer highs.
Sellers were unable to hold the price back around $68, and now renewed upside takes us on to $74 and higher.
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