Gold price and Brent crude price continue to push higher
Gold and Brent crude are on the rise, with recent upward surges taking us into or through key resistance levels.
Gold pausing after recent gains
Gold has been on the rise over recent trading days, with Friday's rally leading us into a break through the notable $1744 resistance level.
That points towards further upside to come, with the price starting to rise this morning despite overnight losses. The ability to maintain higher lows is key here, with a bullish outlook in play unless we see a break below the $1742 low.
Brent crude rallies into major resistance level
Brent crude has been on the rise overnight, with the rally taking us into a crucial resistance level at $43.43. That peak from two weeks ago must be overcome if we are to expect further upside from here.
As such, while the short-term trend points towards further strength, it makes sense to await a breakout through this resistance level to confirm a continuation of this bullish trend. To the downside, we would need to see the $42.22 level broken if we are to start seeing the bearish sentiment come back into play.
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