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XAUUSD: Bullish Despite Pullback Threats!

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XAUUSD: Bullish Despite Pullback Threats!

As long as support 1325 support holds on a daily closing basis, the XAUUSD remains neutral with risk to the upside, resistance comes at the 1340 levels, a break would open 1357 levels, above that level will restore the upside momentum and turn the focus to the 1365 levels, further upside, resistance comes at the 1375/1392 levels.

On the downside, support comes at the 1325 levels, below that level sees a corrective pullback threats to the 1299/1291/1283 levels where another rise is likely.

Conclusion: The XAUUSD continues to face upside threats above the 1225 levels.


WTI Crude Oil Consolidatess With Upside Bias!

As long as support 47.62 support holds on a daily closing basis, the WTI Oil remains neutral with risk to the upside, resistance comes at the 49.56 levels, a break would open 50.44 levels, above that level will restore the upside momentum and turn the focus to the 51.32 levels, further upside, resistance comes at the 51.92 levels.

On the downside, support comes at the 47.62 levels, below that level sees a corrective pullback threats to the 45.80/44.41 levels where another rise is likely.

Conclusion: The WTI Crude Oil continues to face upside threats above the 47.62 levels.

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