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Dec 04, 2024

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold price continues to provide weak trading, so we keep our negative expectations as they are for today, which requires stability below the 2665.00 level, while our first main target is at 2600.00.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2660.11
2653.68
2649.73
2643.35
2636.97
2633.12
2626.65

USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil price has not shown any strong movement since the morning, continuing to fluctuate around 70.00, and therefore, there is no change in the expected bullish scenario for today, whose targets begin with breaking 70.58 to open the way towards 72.15, while the price needs to stabilize above 69.55 as a first condition for the expected rise to continue.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
70.286
70.144
70.067
69.925
69.775
69.702
69.564

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