Gold traded bullish on Friday. The price grew and was able to test the resistance at 1340. All up-moves met a selling pressure near the level. The resistance resides at 1340 dollars per ounce, the support comes in at 1330.
The metal may roll back towards the current support where it will turn around and will try to break 1340 again. Alternatively, sellers will push the price below 1330 towards 1325.
After a bullish spike in the European session crude oil got under selling pressure during the American hours. Buyers led quotes from the daily high at 48.23 towards 45.30 through 46.50. 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 further to 45.30.
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