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XAU/USD chart on the hourly time frame

Gold price starts to pressure the level of 2645.00, waiting to break this level to confirm the continuation of the downward wave and achieve our negative targets that start at 2615.00 then 2600.00, to continue to favor the downward trend for today unless the price rushes to break the level of 2683.20 and stabilize above it.

USOIL chart on the hourly time frame

Oil price achieved a clear break of the 70.58 level and is trying to stabilize below it, to stop the positive scenario suggested in our recent reports and turn to decline for the rest of the day, targeting the 68.65 areas mainly.

Therefore, the bearish bias will be likely during the upcoming sessions, and breaking 69.75 will add more confirmation to the expected decline, noting that breaking 70.58 and stabilizing above it again will reactivate the upward wave whose next target reaches 72.15.