Gold falls: Crude oil futures marginally lower


 
Gold
Gold price has faced resistance of its falling trend line at 38,150 levels on the hourly chart. Momentum indicator RSI has shown negative crossover on the hourly time frame, which indicates bearishness in the price. Based on the above technical parameters, gold is looking bearish with a potential to reach 37,750. The outlook will change above 38,170 levels.

Crude Oil
Crude Oil price has faced strong resistance of its horizontal trend line at 4370 levels on the hourly chart. Prices are trading below Parabolic SAR indicator on the hourly chart, which suggests downside in the price. Based on the above technical parameters, Crude Oil is looking bearish with a potential to reach 4300. The outlook will change above 4400 levels.





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