Gold Intraday: further upside.
Pivot:
1790.00
Our preference:
Long positions above 1790.00 with targets at 1815.00 & 1822.00 in extension.
Alternative scenario:
Below 1790.00 look for further downside with 1782.00 & 1774.00 as targets.
Comment:
The RSI advocates for further upside.
Crude Oil (WTI) (G2) Intraday: under pressure.
Pivot:
79.30
Our preference:
Short positions below 79.30 with targets at 77.85 & 77.15 in extension.
Alternative scenario:
Above 79.30 look for further upside with 79.85 & 80.45 as targets.
Comment:
As long as 79.30 is resistance, look for choppy price action with a bearish bias.
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