Gold Intraday: capped by a negative trend line.
Pivot:
1820.00
Our preference:
Short positions below 1820.00 with targets at 1805.00 & 1800.00 in extension.
Alternative scenario:
Above 1820.00 look for further upside with 1828.00 & 1833.00 as targets.
Comment:
As long as 1820.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (H2) Intraday: the upside prevails.
Pivot:
84.90
Our preference:
Long positions above 84.90 with targets at 87.20 & 88.00 in extension.
Alternative scenario:
Below 84.90 look for further downside with 84.00 & 83.00 as targets.
Comment:
The RSI shows upside momentum.
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.