Gold prices were under selling pressure during the Asian and European sessions on Monday. Buyers were able to push the quotes higher and to erase some losses during the American hours. The resistance is at 1330, the support comes in at 1316 per ounce. The price is expected to stay below 1330 in today’s trades. If this level can hold the pair could decrease to 1320.
Brent futures were below 47.50 on Monday. The quotes jumped to a freshly day high in the North American session. The crude oil broke the 47.50 and tested 48.50 by the end of the trades. The resistance is at 48.50, the support comes in at 47.50 dollars per barrel. The price may slightly pull back below 48.50 today. However, the overall picture is bearish. Sellers may return the price back to 47.50.
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