Gold Prices Turned? Crude Oil Looking To Extend Gains After OPEC+ Deal

XAU/USD Daily Chart

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Crude Oil Technical Analysis

Crude oil is attempting to close above the November 25th high, exposing the 49.42 inflection point. This follows the emergence of a bullish ‘Golden Cross’ after the short-term 20-day SMA crossed above the medium-term 50-day one. While this may signal more gains to come, do note that negative RSI divergence shows that upside momentum is fading.

WTI Crude Oil Daily Chart

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