The price of gold rebounded from the support level at 1315 and in case of continued growth will reach an inclined line of resistance and the local maximum at 1330. Fixing above these levels will be the basis for further increase in price with the first objectives at 1356 and 1375. The fall in the near future is limited by the psychologically important level of 1300. Our medium-term outlook remains positive.
Nearest resistance levels: 1330, 1356, 1375, 1400, 1430, 1450
Nearest levels of support: 1315, 1300, 1280, 1244, 1220, 1200, 1190, 1165, 1150
The price of Light sweet crude oil broke through the support level at 45.00, which was a stimulus for the continuation of a negative price dynamics. As a result, the closest target levels will be 43.00 and 40.00. The upward correction is limited by the upper border of the channel and the level of 45.00. We maintain our medium-term negative view with objectives at 35,00-36,00 and expect strong price movements in the next two weeks.
Nearest resistance levels: 46,30, 48,50, 50,60, 52,00, 54,00
Nearest support levels: 45,00, 43,00, 42,00, 40,00, 37,30, 36,00, 35,00