Gold continued its rally on Thursday. The price extended its gains and climbed to the level 1340. The resistance is at 1340, the support comes in at 1330 dollar per ounce.
If Gold keeps rising it will reach the level 1350 soon.
Brent consolidated its gains near the level 47.50 on Thursday. Declines of US crude inventories and a weaker dollar supported the price. The resistance is at 47.50, the support comes in at 46.50 dollars per barrel.
If the bearish tone persists we expect a breakout of the level 47.50. We do not exclude a correction towards the 46.50 region.
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