*#WTI#USOIL*
#WTI lacks #bullish conviction and is influenced by a combination of factors.
A modest #USD recovery and #China’s economic woes act as a headwind.
The mixed setup warrants some caution before placing directional bets.
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#profit
#XAUUSD#GOLD
Currently, it is around 2158. Sustaining above the level of 2164 could prompt retests at 2170, 2175 & 2180. Conversely, if it falls below the level of 2155, it may test levels of 2150, 2145 & 2140.
Keep an eye on these key levels for major #market moves.
#Gold is currently #trading at 2030. A drop below 2025 may lead to testing levels at 2020, 2015, and 2010. Conversely, sustaining above 2035 could trigger retests at 2040, 2045, and 2050.
Keep an eye on these key levels for potential market movements.💪
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TECHNICAL OUTLOOK #OIL
Western Texas Intermediate (#WTI) trades lower near $76.20 per barrel during the Asian session on Thursday, extending the losses for the third successive day.
*#Support* -75.20/74
*#Resistance* -76.80/78
*#Gold price regains positive traction, remains below two-week high on reviving Fed rate hike bets*
*TECHNICAL OUTLOOK #XAUUSD*
From a technical perspective, the emergence of fresh buying ahead of the $1,865 #support zone favours #bullish#traders.