The price of gold is in a technical rebound WTI crude oil prices fluctuate widel

Technically, the gold market on the daily chart is still in a downtrend. The price movement shows that the price of gold is currently in a technical rally, with strong resistance at $ 1,267. If current bullish momentum subsides before reaching $ 1,267, the gold is at risk of falling back to $ 1,250. If the price of gold remains below the $ 1,250 level, it will open the channel for a dip to 1,230.

** WTI Crude Range Fluctuations **

WTI crude oil slightly higher, due to the news of the closure of the North Sea pipeline to stimulate supply disruption concerns. Crude oil market is expected to continue to receive support in the short term, but US shale may curb market gains due to higher output. Look at the technical side, WTI crude oil prices wide fluctuations. Technical traders will continue to monitor closely the performance of oil below the 56.00 support and 58.50 resistance. A test of $ 56.60 and $ 56.00 may be tested if the price of oil breaks below $ 57.00. Conversely, if oil prices rise above $ 57.80, the bulls will be given the impetus to push the oil price challenge at $ 58.50.

** GBP fluctuating above 1.3300 USD **

Continued Brexit uncertainty and political risks are still a serious drag on the pound, sterling / dollar limited space for growth. From a technical point of view, if the exchange rate fell below 1.3300 US dollars support level, then face further downside risks. Continuing to fall below this level will result in GBPUSD plunging USD 1.3230 and USD 1.3150. However, if the bulls can push the exchange rate back above $ 1.3440, GBP / USD is likely to rise to $ 1.3520.

** Euro Dollars **

Europe's major economic data is not much, the weak dollar will continue to promote the exchange rate in the short term upward. Technically, $ 1.1850 remains the key point, having a major impact on the euro / dollar closing level this week. If the exchange rate failed to break through 1.1850 US dollars, it may fall to 1.1730 US dollars and 1.1680 US dollars. If the exchange rate to break through 1.1850 US dollars, is expected to advance 1.1920 US dollars.