Market Analysis on Monday 03 January 2022

2022-01-03 10:05Source:BtcDana

Gold Intraday: bullish bias above 1820.00.

 

Pivot:

1820.00

 

Our preference:

Long positions above 1820.00 with targets at 1838.00 & 1845.00 in extension.

 

Alternative scenario:

Below 1820.00 look for further downside with 1814.00 & 1805.00 as targets.

 

Comment:

The RSI is mixed with a bullish bias.


https://asset.onetrader.online/upload/file/1641139200000/1641175791248.gif


Crude Oil (WTI)‎ (G2)‎ Intraday: key resistance at 76.25.

 

Pivot:

76.25

 

Our preference:

Short positions below 76.25 with targets at 75.20 & 74.60 in extension.

 

Alternative scenario:

Above 76.25 look for further upside with 76.95 & 77.45 as targets.

 

Comment:

The RSI has just struck against its neutrality area at 50%.

 

Analyst Views Chart


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.



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