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Oil Begins Retracement as Gold Pushes for $1900

Name: Oil Begins Retracement as Gold Pushes for $1900
Uploaded: 2023-10-12
Channel: David Kindley
Description: WTI fell over $4 in the latest session as traders await EIA data.Meanwhile, Gold ascended to a two-week peak as risk appetite shifted once again.Fed minutes revealed another potential hike at their next meeting, so will this slow down the climb for G

VideoTechnical Analysis

By David Kindley Last updated Nov 1, 2023

WTI fell over $4 in the latest session as traders await EIA data.

Meanwhile, Gold ascended to a two-week peak as risk appetite shifted once again.

Fed minutes revealed another potential hike at their next meeting, so will this slow down the climb for Gold?

Timestamps

WTI 01:10

XAUUSD 02:55

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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