Against the background of the strengthening of the US dollar gold price went down from the consolidation. Gold is testing the lower boundary of the medium channel in 1336. If market goes lower this will open the way to 1321 as a first serious support level.
Oil closed Friday near 51 dollars per barrel. After a week of growth, the expected correction seems to be in the action now. Talks about possible Fed rate hike, and the US dollar gains - will put pressure on the oil market. We're careful with predictions about the depth and strength of correction. Nevertheless, the nearest support is in the area of $ 49 per barrel.
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