Gold
Gold price has faced resistance of its falling trend line at 38,000 levels on the hourly chart. Momentum indicator MACD has shown negative crossover on the hourly time frame, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with the potential to reach 37,750. The outlook will change above 38,050 levels.
Crude Oil
Crude Oil price has faced strong resistance of its horizontal trend line at 4,285 levels on the hourly chart. Prices are trading below Parabolic SAR indicator on the hourly chart, which suggests downside in the price. Based on the above technical parameters, Crude Oil is looking bearish with the potential to reach 4,180. The outlook will change above 4,305 levels.
Gold price has faced resistance of its falling trend line at 38,000 levels on the hourly chart. Momentum indicator MACD has shown negative crossover on the hourly time frame, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with the potential to reach 37,750. The outlook will change above 38,050 levels.
Crude Oil
Crude Oil price has faced strong resistance of its horizontal trend line at 4,285 levels on the hourly chart. Prices are trading below Parabolic SAR indicator on the hourly chart, which suggests downside in the price. Based on the above technical parameters, Crude Oil is looking bearish with the potential to reach 4,180. The outlook will change above 4,305 levels.
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