Gold is trading at $2910 per ounce amidst clear volatility, as investors await US inflation data and the Federal Reserve’s monetary policy. If buying pressure continues, we could witness a test of the resistance level at $2925, while $2885 represents important support in case of renewed selling pressure.
Resistance 3
Resistance 2
Resistance 1
Pivot Point
Support 1
Support 2
Support 3
2917.14
2913.30
2910.77
2907.11
2903.27
2900.83
2897.08
USOIL chart on the hourly time frame
Oil is trading at $66.21 per barrel amidst sharp volatility as investors await US inventory reports and global market developments. If selling pressures persist, the price could test the support level at $65.50, while the $67.00 area represents a major resistance for any recovery attempt.
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