XAU/USD (GOLD):
The XAUUSD chart currently has a bearish momentum, and there is a potential scenario of a bearish continuation towards the 1st support level at 1805.64, which is identified as an overlap support, indicating its significance as a potential zone for price support.
On the resistance side, the 1st resistance level at 1856.47 is marked as a pullback resistance, potentially limiting upward movements.
WTI/USD:
The WTI chart currently shows a bearish momentum, and there is a potential scenario of a bearish reaction off the 1st resistance level at 88.49, which is identified as an overlap resistance and is reinforced by the presence of the 23.60% Fibonacci Retracement.
On the support side, the 1st support at 86.88 is considered a swing low support, and the 2nd support at 85.48 is categorized as an overlap support, highlighting their significance as potential zones for price support.
