- 4 Hour chart shows the falling resistance line and 50 Period SMA as immediate resistance. 1170 and 1197 are crucial numbers in 4 hour time frame.
- More weakness for gold if stays below 1170, Price could slip towards 1140 if sustains below 1170. if price stays above this zone then gold bulls may move towards 1200 levels.
- CRUDE OIL rises from 200 SMA
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