Gold Intraday: key resistance at 1808.00.
Pivot:
1808.00
Our preference:
Short positions below 1808.00 with targets at 1795.00 & 1789.00 in extension.
Alternative scenario:
Above 1808.00 look for further upside with 1814.00 & 1820.00 as targets.
Comment:
As long as 1808.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (G2) Intraday: target 78.00.
Pivot:
75.45
Our preference:
Long positions above 75.45 with targets at 77.40 & 78.00 in extension.
Alternative scenario:
Below 75.45 look for further downside with 75.00 & 74.50 as targets.
Comment:
The RSI calls for a new upleg.
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