Gold recently surged above the significant $3,380 resistance level before correcting, signaling the presence of selling pressure in the market. After reaching highs above $3,400, profit-taking from short-term traders contributed to a pullback in gold prices.

Simultaneously, WTI crude oil has struggled to maintain gains, trading in the red as market dynamics shift amid ongoing global economic concerns. Investors are urged to remain cautious as price fluctuations could continue to impact both gold and crude oil markets in the short term.

Traders looking for opportunities in gold and oil should monitor key support and resistance levels closely. The interplay of these commodities with broader market trends emphasizes the need for strategic entry and exit points in one of the most dynamic trading environments we have seen recently.