According to FortFS analysts, gold quotes increased on the H4 chart after a decline. The quotes rebounded from the support at 1316.00 and closely approached the resistance at 1330.00 and tested it.
The bulls will maintain the leadership if they break the resistance at 1330.00. Their target will be 1360.00.
The bears will regain the initiative if they break through the support at 1316.00. Their target will be 1300.00 and 1270.00.
WTI oil price dropped on the H4 chart. The price 46.50 was tested. The number of sellers on the “black gold” market increased.
The bulls will regain the leadership if they break through the resistance at 47.50. Their target will be 48.50 and 49.50.
The bears will maintain the initiative if they break through the support at 46.50. Their target will be 45.30.
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