Market Analysis on Friday 3 December 2021

2021-12-03 11:15Source:BtcDana

Gold Intraday: target 1752.00.

 

Pivot:

1780.00

 

Our preference:

Short positions below 1780.00 with targets at 1761.00 & 1752.00 in extension.

 

Alternative scenario:

Above 1780.00 look for further upside with 1790.00 & 1899.00 as targets.

 

Comment:

The RSI is mixed with a bearish bias.


Analyst Views Chart


Crude Oil (WTI)‎ (F2)‎ Intraday: watch 70.55.

 

Pivot:

64.95

 

Our preference:

Long positions above 64.95 with targets at 68.75 & 70.55 in extension.

 

Alternative scenario:

Below 64.95 look for further downside with 63.80 & 62.45 as targets.

 

Comment:

The RSI is bullish and calls for further upside.


Analyst Views Chart


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