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 Intraday: 1765.00 expected.
Gold may fall to 1765.00 - 1772.00
Pivot
1783.00
Our preference
Short positions below 1783.00 with targets at 1772.00 & 1765.00 in extension.
Alternative scenario
Above 1783.00 look for further upside with 1788.00 & 1793.00 as targets.
Comment
The RSI is mixed to bearish.
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) (F2) Intraday: the downside prevails.
Pivot
71.80
Our preference
Short positions below 71.80 with targets at 69.75 & 68.85 in extension.
Alternative scenario
Above 71.80 look for further upside with 72.50 & 73.30 as targets.
Comment
The RSI shows downside momentum.
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