Gold Intraday: consolidation.
Pivot:
1843.00
Our preference:
Short positions below 1843.00 with targets at 1827.00 & 1822.00 in extension.
Alternative scenario:
Above 1843.00 look for further upside with 1848.00 & 1853.00 as targets.
Comment:
As long as 1843.00 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI) (H2) Intraday: 87.10 in sight.
Pivot:
84.40
Our preference:
Long positions above 84.40 with targets at 86.20 & 87.10 in extension.
Alternative scenario:
Below 84.40 look for further downside with 83.45 & 82.80 as targets.
Comment:
The RSI is bullish and calls for further upside.
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