Gold
Gold price has given a breakdown of its rising trend line at 40,000 levels on the hourly chart. Momentum indicator RSI has shown a negative crossover on the hourly time frame, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with a potential to reach 39,450. The outlook will change above 39,950 levels.
Crude Oil
Crude oil price has given a breakdown of its horizontal trend line at 4,310 levels on the hourly chart. Price is 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 a potential to reach 4,130. The outlook will change above 4,260 levels.
Gold price has given a breakdown of its rising trend line at 40,000 levels on the hourly chart. Momentum indicator RSI has shown a negative crossover on the hourly time frame, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with a potential to reach 39,450. The outlook will change above 39,950 levels.
Crude Oil
Crude oil price has given a breakdown of its horizontal trend line at 4,310 levels on the hourly chart. Price is 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 a potential to reach 4,130. The outlook will change above 4,260 levels.
No comments:
Post a Comment