Gold/WTI

Activity in the oil and gas sector expanded at a strong pace in the third quarter, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District energy firms—remained elevated at 46.0 but below the 57.7 record-breaking reading last quarter. ...

The bearish pressure on gold prices continue to bring the price lower and might reach the $1,585 – $1,600 area soon. Traders will continue to stick with a bearish scenario for now until a new higher high is printed on the chart. On the lower side, if the $1,585 – $1,600 support area produce major bullish reaction then there might be chance to enter long ...