Market Analysis on Friday 28 January 2022

2022-01-28 09:45Source:BtcDana

Gold Intraday: key resistance at 1810.00.

 

Pivot:

1810.00

 

Our preference:

Short positions below 1810.00 with targets at 1787.00 & 1780.00 in extension.

 

Alternative scenario:

Above 1810.00 look for further upside with 1816.00 & 1822.00 as targets.

 

Comment:

As long as the resistance at 1810.00 is not surpassed, the risk of the break below 1787.00 remains high.


Analyst Views Chart


 

Crude Oil (WTI)‎ (H2)‎ Intraday: target 89.30.

 

Pivot:

86.20

 

Our preference:

Long positions above 86.20 with targets at 88.50 & 89.30 in extension.

 

Alternative scenario:

Below 86.20 look for further downside with 85.65 & 85.00 as targets.

 

Comment:

The RSI calls for a new upleg.

 

Analyst Views Chart


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