- Gold 4 hour chart is testing another resistance zone at 1180.
- Weekly resistance is near 1200. This zone was previous support which may act as resistance now.
- Weakness if price falls back below 1170 levels. Bigger up move possible only if price is able to sustain above 1200 zone.
-->
- Crude oil is falling towards crucial support levels.
- Bigger weakness only if price falls below 52 and 200 period SMA.
-->
- Crude oil weekly chart shows previous resistance line acting as crucial support. As long as this line holds there is no threat of a bigger correction.
- 4 Hour chart is shown with immediate support and resistance numbers.
-->
