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Gold stumbles while oil pushes higher
Oil is surging towards the 2021 highs again, but gold is struggling following the unsuccessful attempt to break higher yesterday.
Gold
Gold's attempt to push higher yesterday hit resistance just below $1800, mirroring the resistance encountered around this level in several previous sessions. The pushback has continued this morning, although for now a move below $1760 has yet to occur, leaving the price in the consolidation period that has prevailed over the past three weeks.
WTI
The price continues to climb, recovering almost all the ground lost in the March pullback towards $57.70. The bullish momentum has revived, with little in the way of weakness in recent sessions, and even Friday’s small drop proved to be merely another opportunity for the buyers.
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