Gold prices remain in a range but WTl prices edge upwards
Gold prices have continued to move in a trading range, although they are still close to their recent highs, while oil is edging higher after stemming losses last week.
Gold still stuck in a range
The price of gold has been unable to re-establish bullish momentum over the past two weeks, despite two attempts to break and hold above $1430.
Dips to $1385 have found buyers, so for the moment a trading range has been established. A close outside of this range is needed to determine the next direction.
![Gold chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/Gold 080719.png/jcr:content/renditions/original-size.webp)
WTI attempts renewed move higher
Last week saw the price of WTI drop back from trendline resistance, but buyers have managed to stem the selling around $56.15.
Since Friday, the price has managed to edge its way above the 3 July high of $57.60 and, if it can move above here, a fresh challenge of downtrend resistance may come into play. The next areas of possible horizontal resistance are $59.40 and $60.20. A fresh move lower requires a close below last week’s low around $56.15.
![WTI chart](http://a.c-dn.net/c/content/dam/publicsites/igcom/uk/images/ContentImage/WTI 080719.png/jcr:content/renditions/original-size.webp)
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