Commodities outlook: oil and gold
What are the projections for the oil and gold prices? Let's discover that in the review for commodities.
GOLD: price fixated below the 'Window'
Information is not investment advice
The price has fixated below the 'Window' and the 89 Moving Average. At the same time, there's a bullish 'Hammer', which hasn't been confirmed yet. Thus, it's likely that the market is going to test the next support at 1258.77. The subsequent pullback from this level could lead to the beginning of an upward correction towards the previously broken 'Window' (1282.11).
Galya Svetlova
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