Gold (XAU)
Key news events today
No major news events.
What can we expect from Gold today?
Gold prices opened at $1,923/oz this morning to climb towards $1,930 – a level where price has run into significant resistance since early September. Should demand for the US dollar wane at the beginning of the new trading week, gold could finally push above this key short-term resistance level.
Next 24 Hours Bias
Weak Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
Crude oil prices remain buoyed following another round of China stimulus last week and stronger than expected industrial production activity for the world’s second largest economy. WTI oil notched a third consecutive week of strong gains as price climbed $91 per barrel for the first time in ten months.
Next 24 Hours Bias
Medium Bullish