Gold
Gold price has given a breakdown of its rising trend line at 39,850 levels on the hourly chart. Momentum indicator RSI has shown a negative crossover on the hourly timeframe, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with a potential to reach 39,400. The outlook will change above 39,900 levels.
Crude Oil
Crude Oil price has given a breakdown of its horizontal trend line at 4,260 levels on the hourly chart. Prices are trading below the 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 a potential to reach 4,120. The outlook will change above 4,270 levels.
Gold price has given a breakdown of its rising trend line at 39,850 levels on the hourly chart. Momentum indicator RSI has shown a negative crossover on the hourly timeframe, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with a potential to reach 39,400. The outlook will change above 39,900 levels.
Crude Oil
Crude Oil price has given a breakdown of its horizontal trend line at 4,260 levels on the hourly chart. Prices are trading below the 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 a potential to reach 4,120. The outlook will change above 4,270 levels.
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