XAU/USD (GOLD):
The XAU/USD chart currently has an overall bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance should price break above the intermediate resistance.
The intermediate resistance level at 1994.49 is categorized as a pullback resistance that aligns with the 78.60% Fibonacci retracement level. Higher up, the 1st resistance level at 2009.35 is categorized as a pullback resistance, potentially leading to a halt in the bullish momentum.
To the downside, the 1st support level at 1962.59 is identified as an overlap support that aligns with the 50.00% Fibonacci retracement level. Further below, the 2nd support level at 1932.63 is also noted as an overlap support that aligns with the 38.20% Fibonacci retracement level, indicating a potentially strong support area .
WTI/USD:
The WTI chart currently has a weak bullish momentum, suggesting a potential for a bullish continuation towards the 1st resistance.
The 1st resistance level at 80.09 is categorized as an overlap resistance.Higher up, the 2nd resistance level at 83.09 is also noted as an overlap resistance that aligns with the 61.80% Fibonacci retracement level, suggesting a strong barrier against further bullish momentum..
To the downside, the 1st support level at 72.67 is identified as an overlap support that aligns with the 78.60% Fibonacci projection level, indicating a potentially strong support zone.
