Gold prices have declined amid easing geopolitical tensions and renewed appetite for yield-bearing assets. With financial markets showing signs of stability, gold’s safe-haven appeal has softened.
Outlook: If the dollar remains stable and no new geopolitical risks emerge, prices may test the 3130 level. However, any resurgence in risk-off sentiment could send gold back toward 3200.
Resistance 3
Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2
Support 3
3180.28
3170.87
3164.64
3155.21
3145.96
3139.73
3130.48
USOIL chart on the hourly time frame
Oil prices retreated after recent gains, as concerns returned over rising US inventories and output levels. “OPEC+” discussions remain key in determining the next direction.
Outlook: The crude market may fluctuate between 59.00 and 61.50 in the coming days. Further gains are possible if US inventory data disappoints or unexpected supply cuts are announced.
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