GOLD
Gold bounced from fresh low at $1160, facing difficulties to clearly break below weekly cloud base at $1174.
Near-term correction was signaled by daily RSI bullish divergence and may extend towards $1190 (daily Tenkan-sen) before larger bears resume.
Close below weekly cloud is needed for strong bearish signal, otherwise expect extended consolidation.
Overall bears may pause on oversold conditions, but consolidation should stay under $1200 zone breakpoint.
US NFP data are in focus for signal.
Res: 1177; 1180; 1187; 1190
Sup: 1171; 1166; 1160; 1150

US CRUDE OIL
Oil price eases from fresh high at $51.78 but is so far holding above psychological $50.00 support.
Shallow consolidation should precede fresh push higher for final attack at key $52.21 barrier (19 Oct high).
Ideally, $50.00 support should stay intact, however, extended dips towards broken daily cloud top at $49.37 could be anticipated.
Oil is on track for strong bullish weekly close (the biggest weekly gains since Aug) that supports the notion.
Res: 51.28; 51.78; 52.21; 53.47
Sup: 50.54; 50.00; 49.37; 48.98
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