Market Analysis on Friday 21 January 2022

2022-01-21 10:40Source:BtcDana

Gold Intraday: the bias remains bullish.

 

Pivot:

1828.00

 

Our preference:

Long positions above 1828.00 with targets at 1848.00 & 1856.00 in extension.

 

Alternative scenario:

Below 1828.00 look for further downside with 1822.00 & 1816.00 as targets.

 

Comment:

The immediate trend remains up but the momentum is weak.


Analyst Views Chart


 

Crude Oil (WTI)‎ (H2)‎ Intraday: the downside prevails.

 

Pivot:

85.15

 

Our preference:

Short positions below 85.15 with targets at 82.95 & 81.65 in extension.

 

Alternative scenario:

Above 85.15 look for further upside with 86.25 & 87.10 as targets.

 

Comment:

The RSI has broken down its 30 level.



Analyst Views Chart




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