Gold and Oil - Overview from October 14, 2024

Financial and commodity markets analytics


Gold

Gold quotes, having found support near the $2600 mark, have resumed growth and returned to the range: $2630-$2670. The area located above the $2660 level represents the resistance range. Considering the nature of the current movement and the absence of significant news in the calendar, barring unexpected factors, overcoming the described range today is unlikely.

Oil

Oil prices, in turn, have stabilized and are in the middle of the $67-$78 range. The most reliable conditions for making trades may be formed as the price approaches its boundaries.