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Yesterday’s spot gold price. At the opening, the highest price of the day was .USD, and the lowest price of the day was .USD. The fluctuation throughout the day was .USD, and it closed at .USD, rising by .USD throughout the day. Spot gold closed positive on Monday.
Basic Analysis
Oil prices weakened in Asia and Europe on Monday as the US dollar extended last Friday's surge, putting oil prices under pressure. However, as the US dollar gave up its previous gains during the North American session, oil prices also fell. As a result, it began to stabilize and rebound. So far, oil prices have recovered most of the day's decline, with the original month contract falling by .% to US$/barrel and the Brent original month contract falling by .% to US$/barrel.
The hourly chart shows that oil has developed into a volatile range and is currently rebounding from near the bottom of the range. Therefore, in the short term, it may move higher towards the top of the range. Although it is unknown in which direction the oil price trend will break through the range in the future, considering that the daily chart is still in the upward trend since last month, the risk of breaking through the range in the future may be greater.