Key levels for gold and crude
Gold has spent the week bouncing between $1280 and $1295. It is currently gearing up for another attempt to push higher, but a close above $1300 is needed to open the way to further upside. Likewise, a close below $1280 would be needed to suggest further downside is likely. Brent and equities continue to move in lockstep. An elegant uptrend has developed, and a new higher high has been created early on in trading today. Retracements intraday remain buying opportunities. A breakout above $63, the highs of early December, is the next event to watch for.
- Posted: Jan 11, 2019 7:15am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 25