Market Analysis on Thursday 27 January 2022

2022-01-27 09:40Source:BtcDana

Gold Intraday: key resistance at 1833.00.

 

Pivot:

1833.00

 

Our preference:

Short positions below 1833.00 with targets at 1810.00 & 1800.00 in extension.

 

Alternative scenario:

Above 1833.00 look for further upside with 1840.00 & 1848.00 as targets.

 

Comment:

As long as the resistance at 1833.00 is not surpassed, the risk of the break below 1810.00 remains high.


Analyst Views Chart


Crude Oil (WTI)‎ (H2)‎ Intraday: further upside.

 

Pivot:

86.25

 

Our preference:

Long positions above 86.25 with targets at 87.90 & 88.70 in extension.

 

Alternative scenario:

Below 86.25 look for further downside with 85.65 & 85.00 as targets.

 

Comment:

The RSI is bullish and calls for further upside.


Analyst Views Chart


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