GOLD
Gold, like other precious metals, is benefiting from a weaker dollar. On the chart of gold on the H4 interval, one can see an inverted head-and-shoulders formation building up. GOLD quotes managed to leave the downward channel today, which gives a chance to realize the potential range of the mentioned oRGR formation. However, the key level of $1670, which is currently being tested, remains, which is the result of previous price reactions and the neckline of the formation. In case of an upward breakout, even a move towards $1722 is not excluded.GOLD interval H4. Source: xStation5
Ethereum
Quite a lot of volatility is observed in the cryptocurrency market. Ethereum quotes managed to overcome the resistance at the level of $1445 yesterday, and today it was tested from the other side and acted as support. If the price is maintained above, there is a chance to attack the resistance at $1560, which is the result of the upper limit of the 1:1 system. Its possible negation, in turn, could lead to an extension of the increases towards the next resistance at $1765. On the other hand, only a return of the price below $1445 could change the sentiment to a downtrend.
Ethereum interval D1. Source: xStation5
Natgas
Looking at the chart of NATGAS on the H4 interval, there has been a recent realization of the range implied by the broad head and shoulders formation (the formation marked in blue), after which the stock is currently in an upward correction. Despite the dynamic rebound, it seems too early to talk about a change in the trend. The level of 6.30, which results from previous price reactions, should be regarded as short-term resistance, while more important is only the level of 6.65, which results from the upper limit of the 1:1 system. As long as it is not negated, the main trend remains downward.Natgas interval H4. Source: xStation5