After a strong week of gains, the spot price of gold has experienced a setback. Investors are closely watching to see if the price will continue to decline. The first key target is the November low of $2555. If the price drops below this level, the next support zone is around $2480, where prices had dipped earlier in September.
However, if gold can avoid further losses, a recovery above $2700 would be a positive sign, putting it back on track toward the late October high just under $2800.
Meanwhile, WTI crude oil prices have paused below $72, with the bearish trend still in play. Sellers are looking for a move below $70, which could signal the start of a deeper decline. If the downward trend continues, the next support levels to watch are the recent lows around $67, followed by the September low of $65. A price closing above $72 would suggest a potential short-term rebound.
In contrast, natural gas prices have held steady, recovering from Friday’s weakness and staying near recent highs. While some consolidation is possible following recent gains, the overall uptrend remains intact, with strong bullish momentum. A close below 3200 would be necessary to indicate a shift toward sustained weakness.
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