Gold slips below $1800 as oil prices look for further gains
While gold has fallen back from the highs of the week, oil prices are aiming for more gains after a strong start to the week.
Gold
An attempt to maintain gold's rally above $1800 has fizzled out for the time being, and we have seen further small losses this morning.
A move below $1780 would reinforce the view that this is a lower high, and could spell the beginning of a fresh retracement.
Bulls will want to see a move back above $1810, although this may yet be a consolidation move before further gains.
WTI
Oil's sharp gains over the past two days have helped to restore some measure of bullishness, although there is still more to be done.
Early August highs at $69.38 are the first target to watch, followed by the late July peak at $73.50.
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