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CURRENCIES TECHNICAL ANALYSIS January.09

Gold

Inability to reclaim 1180 returned sellers to a driver's seat. Sellers pushed prices lower on Friday. The precious metal eased and tested the 1170 handle by the end of the trades. The resistance is at 1180, the support comes in at 1170 dollars per ounce.

A close below 1170 will generate fresh bearish signal for further advance towards 1160 dollars per ounce.
09_01_2017_xauusd

Brent

Oil prices made another attempt to retake 57.50 hurdle. The level rejected the benchmark once again. After touching the level prices dropped to 56.50. The resistance is at 57.50, the support comes in at 56.50 dollars per barrel.

If a selling pressure persists the Brent oil prices might extend their losses towards 55.50 dollars per barrel.

09_01_2017_brent

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