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Feb 27, 2025

XAU/USD chart on the hourly time frame

XAU/USD chart on the hourly time frame

Gold is trading at $2881 per ounce, affected by the strength of the dollar and the rise in US bond yields. Continued selling pressures may push the price to test 2865, while returning above 2900 may restore the bullish momentum towards 2920. Markets are awaiting US inflation data to determine the next direction.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
2896.26
2891.76
2889.18
2884.78
2880.46
2877.79
2873.39
USOIL chart on the hourly time frame

USOIL chart on the hourly time frame

Oil is trading at $68.88 per barrel amidst pressure from expectations of slowing global demand and rising US inventories. Breaking the 68.50 level could reinforce the decline towards 67.80, while breaching 69.50 could push prices towards 70.20. Markets are awaiting US inventory data and economic developments to determine the next direction.
Resistance 3 Resistance 2 Resistance 1 Pivot Point Support 1 Support 2 Support 3
69.045
68.953
68.899
68.812
68.723
68.668
68.581
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