The pair got under intense selling pressure last week. Gold prices fell from 1339 to 1327 on Friday. The resistance resides at 1330, the support comes in at 1316. The nearest sellers' target remains the mark 1322. A break above 1330 will give buyers a chance to push the price towards 1350.
The tone was negative in the market on Friday. Bears pushed the price lower. The instrument broke the 49.50, 48.50 levels and tested 47.50. The resistance exists at the level 48.50, the support comes in at 47.50. Brent shall rebound towards 48.50 after a sharp decrease. Its further movement depends on the upcoming news.
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