Key levels for gold and crude
The price of gold continues to hold the lows around $1303. However, it now needs to move above $1315, which has held back progress over the past week. Above this $1326 comes into view. A more bearish view requires a break below $1304.A symmetrical triangle has formed the outlook for Brent over the past two weeks. The price is now attempting to break higher and push on towards $62.50 and $63.00. A failure to hold gains would suggest a move back towards $61.00.
- Posted: Feb 12, 2019 6:13am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 25