🔸 Current Outlook:
Gold is under mild pressure after failing to break above the $3,300 level, weighed by a slight rise in bond yields and investor focus on upcoming inflation data.
🔹 Expectations:
Holding above $3,280 may keep the door open for a retest of $3,330. However, a break below $3,270 could push the price toward $3,230 before any rebound attempts.
Resistance 3
Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2
Support 3
3318.47
3311.10
3306.99
3299.49
3292.26
3287.72
3280.64
USOIL chart on the hourly time frame
🔸 Current Outlook:
Oil prices are moving in a tight range as traders monitor supply data and await OPEC+ signals on potential production adjustments amid mixed demand indicators.
🔹 Expectations:
Staying above $62.50 could support a move toward $63.70. Conversely, a break below $62.00 might lead to a pullback toward $60.90 in the near term.
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