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.
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.
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.