Gold Technical Setups Form as Oil Holds Range

Wait 5 sec.

Gold Technical Setups Form as Oil Holds RangeGold FuturesCOMEX_DL:GC1!CityIndexMarkets are waiting for a fresh catalyst to break beyond Monday’s ranges, where sizeable gaps formed after the weekend’s Middle East escalation. For the cleanest read on geopolitical risk, traders should keep a close eye on crude oil. While it continues to consolidate, gold is likely to remain supported, with scope for a move towards 5,500. MS