Gold price, silver price and Brent crude price edge higher
Gold fights to move higher
The spot gold price fell further yesterday, but has stabilised in early trading this morning.
This current pullback has yet to test the 50-day simple moving average (SMA), currently $2360.00. A close back above $2420.00 could signal a new move to the upside.
Silver holds above support
Spot silver prices created a lower high in July, and fell further after that, but for the moment they remain above the support zone around $28.50.
A close back above $29.00 might signal that a new move higher could get underway, to challenge the $31.75 July high. Alternately, a close below $28.20 would break below the support zone and suggest some more near-term downside.
Brent higher after late Monday recovery
Brent crude oil prices continued to fall yesterday but rallied off their lows, and have made some small gains this morning.
Recent losses have taken Brent back below the 200-day SMA, though a close back above $82.90 might help revive a short-term bullish view.
Additional declines target $79.74, and then down to the June lows at $76.72.