Gold prices wither but oil prices continue Friday surge
Gold is still unable to push through $1515, but oil has recovered strongly as WTI continued Friday’s push higher.
Gold still stuck in a range
The bounce in the gold price has stalled below $1515 once again, although given the sharp move higher over the past week the rally may not yet be defeated.
A close above $1520 opens the way to $1535 and on to $1557. If the $1480-$1515 range holds then we may see a retracement back to the bottom end of the range. Friday's dip to $1505 did manage to find buyers.
![Gold price chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/content-2-chart-images/04.11Gold_041119.png)
WTI picks up momentum
Friday’s surge in the WTI price has done much to revive the market's bullish view. A higher low at $54.00 has been established, and a fresh push to $56.85 would allow the price to attempt to establish a new higher high.
Above the 200-day simple moving average (SMA) at $57.31, the price heads towards $59.40. Intraday pullbacks towards $54.50 may find buyers.
![WTI price chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/content-2-chart-images/04.11WTI_041119.png)
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