🔸 Current Situation:
Gold is consolidating after limited declines, supported by ongoing geopolitical concerns and a weaker dollar.
🔹 Expectation:
Stabilization above 3,300 opens the door for an upward attempt towards 3,340. A break above this level could send the price back to the 3,260 range before any new rebound attempt.
Resistance 3
Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2
Support 3
3329.42
3324.38
3321.35
3316.16
3311.26
3308.09
3303.05
USOIL chart on the hourly time frame
🔸 Current Situation:
Oil is under clear pressure with declining risk appetite and rising supplies, approaching its monthly lows.
🔹 Expectation:
A move below 61.00 could continue towards 59.80, while a recovery above 61.30 could provide an opportunity to test 62.50 in the short term.
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