During the trading session, gold quotes increased on the H4 chart and tested the level 1350.00 at first. Later gold rolled back down and sellers’ nearest support was at 1330.00, according to Fortfs analysts.
The bulls will regain the leadership if they break through the resistance at 1350.00. Their target will be 1370.00 and 1400.00.
The bears will maintain the initiative if they break through the support at 1330.00. Their target will be 1316.00 and 1300.00.
Brent oil continued its upwards movement on the 4-hour time-frame. During the trading session the buyers passed the level 46.50. The “black gold” was highly overbought.
The bulls will maintain the leadership if they break through the resistance at 47.50. Their target will be 48.50.
The bears will regain the initiative if they break through the support at 46.50. Their target will be 45.30 and 44.00.
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