Gold steady as oil makes further gains
Gold prices have held their ground while oil is making headway once again.
Gold
Gold's breakout from trendline resistance last week is intact, but upward progress has been lacking over the last five sessions.
Dips earlier in the week found buyers around $1746, so as long as this holds another bounce is possible. A full-blown reversal below $1740 is needed to hand the initiative back to the sellers.
WTI
Fresh gains for crude oil seem to come despite concerns about the impact of higher prices on inflation.
Price action yesterday witnessed a dip to $75 and then a recovery, leaving the buyers in charge once again. Higher intraday highs and lows predominate, confirming the bullish momentum.
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