Gold Intraday: the downside prevails.
Pivot:
1787.00
Our preference:
Short positions below 1787.00 with targets at 1758.00 & 1750.00 in extension.
Alternative scenario:
Above 1787.00 look for further upside with 1798.00 & 1809.00 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI) (F2) Intraday: capped by a negative trend line.
Pivot:
68.90
Our preference:
Short positions below 68.90 with targets at 64.45 & 63.00 in extension.
Alternative scenario:
Above 68.90 look for further upside with 71.20 & 72.90 as targets.
Comment:
As long as the resistance at 68.90 is not surpassed, the risk of the break below 64.45 remains high.
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