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XAU/USD chart on the hourly time frame

Gold price faced noticeable negative pressure with today's opening, but with the price's ability to continue to stabilize above 2700.00, therefore, we expect to witness positive trading during the upcoming sessions, noting that the next target is located at 2735.00, taking into account that breaking 2684.50 will put the price under negative pressure to start a bearish correction in the short term.

USOIL chart on the hourly time frame

Oil price confirmed breaking the ascending channel support, to start a bearish correction on the short-term, on its way to test the 77.53 level initially, noting that breaking this level will push the price towards 75.53 as a next negative target.

We notice that the price is completing the formation of a double top pattern that supports expectations of a decline during the upcoming sessions, taking into account that breaking the 79.30 level will stop the negative scenario and lead the price to try to regain the main bullish trend again.