Fibonacci can be an interesting way to find support and resistance levels, and long-term charts can present an important perspective for a trader’s analysis.
Crude oil has extended last week’s gains, pushing prices toward technical resistance. As bank jitters ease, oil has received a positive boost in sentiment.
Gold prices (XAU/USD) have extended losses in the aftermath of US CPI, driving GC futures below prior psychological support turned resistance at $1,850.