Gold and Oil Technicals

Gold remains under distribution with resistance falling from $1,150 toward $1,140 while RSI under 50 and falling confirms downward pressure increasing. Next potential support near $1,136 then $1,126 a Fibonacci level.

Crude Oil WTI continues to struggle with $46.60 Fibonacci resistance but it also continues to hold on to most of last week’s breakout gains trading in the $45.50 to $45.80 area. RSI confirms current sideways momentum.

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