Market Analysis of Gold on Thursday 9 December 2021
*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Gold may fall to 1772.00 - 1779.00
Pivot
1789.00
Our preference
Short positions below 1789.00 with targets at 1779.00 & 1772.00 in extension.
Alternative scenario
Above 1789.00 look for further upside with 1793.00 & 1798.00 as targets.
Comment
The RSI is mixed with a bearish bias.
Market Analysis of Crude Oil on Thursday 9 December 2021
*Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Crude Oil (WTI) may rise to 75.90 - 79.25
Pivot
66.20
Our preference
Long positions above 66.20 with targets at 75.90 & 79.25 in extension.
Alternative scenario
Below 66.20 look for further downside with 63.10 & 61.00 as targets.
Comment
The RSI calls for a rebound.
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