Gold and Oil - Review of October 28, 2024

Financial and commodity markets analytics


Gold

Gold prices remain in the range of $2715-$2750. When moving out of this range in either direction, a local trend may be formed by the price. In the case of a downward movement, support may be found in the region of $2660.

Oil

Against the backdrop of geopolitical events, oil has lost $4 in value. Technically, at the moment, the price is once again in the support zone. Considering the empty news calendar for Monday, in the absence of unexpected fundamental factors, there is a high likelihood of a price growth resumption from the reached zone of $65-$67. as a financial analyst.