Technical analysis: Gold and Oil drop – ICN.com

Today’s trading witnessed a rise in the GBPUSD pair, whereas it managed to rebound to the upside after touching 1.6600 levels yesterday; while Gold prices dropped slightly but remained above 1330.00 in addition to Crude Oil.

GBPUSD trading

The GBPUSD pair is trading around 1.6690 after the upside move today, whereas it opened the trading session at 1.6625. If the pair managed to breach 1.6740 levels it will confirm the upside move, whereas stop-loss should be placed below 1.6600 levels. Trading range for today between 1.6740 – 1.6600 levels.

For further recommendations: GBPUSD technical analysis.

Gold trading

The price dropped today but remained limited above 1330.00 levels keeping out positive expectations of buying the metal above 1330.00, whereas the price still targets 1341.10 while stop-loss should be placed below 1315.00. Trading range for today between 1341.10 – 1315.00.

For further recommendations: Gold technical analysis.

Crude Oil trading

Crude futures moved to the downside today as its trading below 102.00 targeting 101.55 levels, if the price managed to breach the mentioned levels it will strengthen the possibility of further bearishness towards 101.25 levels. Trading range for today between 102.00 – 101.25.

For further recommendations: Crude Oil technical analysis.

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Technical analysis: Gold and Oil drop – ICN.com

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