Gold seems to be bearish as it has a forming head and shoulders pattern although it has not given a neckline breakout. also its forming symmetrical triangle. we expect downside movement in it.
CRUDE OIL Daily- From the last couple of months crude oil trading in a parallel channel and now it's consolidating in the range of $55-57.85. if price manages to sustain above initial resistance level 57.85 then we expect upside movement in it. 60 and 64 can be seen in the coming days.
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We have seen sharp dropdown rely from its peak level i.e. 1346. and it took support at 1280. from its support level its took bit, selling presser is still in it. further downside movement is expected in it if the price is maintained to trade below 1300