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The XAU/USD traded within a tight range on Tuesday. The recovery from 1310 stalled at the mark 1318. The price erased its gains and decreased to the current support. The resistance resides at 1320, the support comes in at 1310.

The nearest sellers' target remains the mark 1305. A break above 1320 will give buyers a chance to push the price towards 1325 and 1330.

Brent prices were under pressure on Tuesday. Sellers were able to drive the price towards the 45.30 region. The oil price grew on the back of the positive U.S. supply report in the North American session. The resistance exists at the level 46.50, the support comes in at 45.30.

The price may recover towards 46.50. A move above the level will open the way towards 47.50. If the level holds the price will return back to 45.30.


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