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Feb 14, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold price shows more bullish bias to approach new historical levels, and needs to gain positive momentum to push the price to continue rising to 2950.00 levels.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2937.16
2935.45
2934.38
2932.62
2930.75
2929.73
2927.91
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil prices rose today, with Brent crude trading at $71.50, benefiting from easing concerns about slowing global demand. However, pressures remain due to increasing US oil inventories and rising production. Technically, the price faces resistance near $72.00, a break of which could push prices towards $73.20, while the main support remains at $70.80, a break of which could lead to a further decline towards $69.50
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
71.707
71.610
71.543
71.447
71.353
71.296
71.190
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