Gold Intraday: further advance.
Pivot:
1805.00
Our preference:
Long positions above 1805.00 with targets at 1820.00 & 1829.00 in extension.
Alternative scenario:
Below 1805.00 look for further downside with 1800.00 & 1795.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (G2) Intraday: the bias remains bullish.
Pivot:
75.80
Our preference:
Long positions above 75.80 with targets at 77.40 & 78.00 in extension.
Alternative scenario:
Below 75.80 look for further downside with 75.40 & 75.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.