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The trend is clearly bearish for now. The XAU/USD pair jumped to a fresh weekly high of 1334 after Fed's decision to keep the rate unchanged. The resistance is at 1340, the support comes in at 1330 dollar per ounce.

As the most probable scenario, we consider further moving upwards towards the level at 1340.

Brent had a positive day on Wednesday. The price gapped higher at the open of the day and then continued its growth higher. The new session high was marked at 47.40. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.

If the bullish tone persists we expect a breakout of the level 47.50.


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