Crude oil remains in a bearish trend, facing downward pressure from weak demand and inventory builds. Technicals and fundamentals align with a short-term bearish outlook, with $66 acting as a key support level. Keep an eye on OPEC+ meetings for potential catalysts.
Gold continues to face bearish pressures as USD strength and steady global economic conditions reduce safe-haven demand. With resistance near 2,653 and support around 2,550, the outlook remains bearish. Technical indicators, including the Ichimoku Cloud and RSI, confirm this trend, suggesting limited upside without major shifts in market dynamics.
Gold stabilises around $2,617, influenced by Fed policy and USD strength. Key support at $2,395 and resistance at $2,649 guide upcoming moves, with cautious market sentiment reflecting global economic uncertainties and geopolitical tensions.
Gold faces downward pressure as the US dollar strengthens and bearish technical signals emerge. Key support at $2,645 could determine the next move, but sentiment remains bearish, suggesting further downside potential.
Gold is showing signs of a bearish reversal amid dollar strength and Fed hawkishness. With RSI in overbought territory and weakening buying volume, short-term downside is likely.
Gold continues its bullish run amid USD weakness and inflation concerns. The technical picture shows strength, with the next resistance at $2,740, while key support lies at $2,680. RSI indicates overbought conditions but remains bullish overall. Stay long with a target of $2,760.
Gold prices are hovering around $2,653, supported by inflationary pressures but facing resistance near $2,680. The 50-day moving average at $2,550 provides key support, while RSI indicates further potential upside. Sentiment is cautiously bullish, but a strong dollar could cap gains.
Gold is showing strong bullish momentum, driven by tight supply conditions and robust demand amidst economic uncertainty. Key technical levels suggest potential for further gains, with an eye on the $2,700 mark.
Crude oil is facing downward pressure, with prices dropping below key support levels due to weak demand and rising inventories. With a bearish technical setup and negative market sentiment, traders should consider short positions, targeting $66 per barrel. Watch for upcoming macroeconomic data and OPEC+ decisions for potential market-moving developments.
Gold prices are surging above $2,500 amidst growing global economic uncertainties and inflationary pressures. With strong demand from both investors and central banks, coupled with positive technical indicators, gold is poised for further gains. Keep an eye on key levels as bullish sentiment drives the market.
