- Gold daily chart shows price pausing at 38.2% Fib level.
- For gold bulls price must close back above 50 day SMA.
- One hour chart shows price trading below the cloud. Price sustaining below the hourly cloud will continue to favor Bears.
- Crude oil daily chart shows price testing 200 Day SMA.
- Price unable to close back above 200 SMA may give bigger falls for crude oil.