The XAU/USD pair traded flat on Wednesday. Traders preferred wait-and-see mode ahead of the U.S important statistics. The price stayed above the 1316 level the whole day. The resistance resides at 1330 dollars per ounce, the support comes in at 1316. The nearest sellers' target remains the mark 1316 dollars per ounce. A break above 1330 will allow buyers to push the price towards 1340.
The 4 hours chart for Brent presents a moderate bearish potential. The price continued to trade in negative ground. Crude oil futures broke 46.50 dollars per barrel, moved further and closed the day at 45.67. The resistance is at 46.50, the support comes in at 45.30 dollars per barrel. The price may slightly pull back above 46.50 dollars per barrel today. However, the overall picture is bearish. Sellers may push the price to 45.30.
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