Gold Intraday: further advance.
Pivot:
1811.00
Our preference:
Long positions above 1811.00 with targets at 1828.00 & 1835.00 in extension.
Alternative scenario:
Below 1811.00 look for further downside with 1802.00 & 1795.00 as targets.
Comment:
The RSI is bullish and calls for further upside.
Crude Oil (WTI) (H2) Intraday: key resistance at 92.25.
Pivot:
92.25
Our preference:
Short positions below 92.25 with targets at 90.75 & 90.00 in extension.
Alternative scenario:
Above 92.25 look for further upside with 93.15 & 94.00 as targets.
Comment:
As long as the resistance at 92.25 is not surpassed, the risk of the break below 90.75 remains high.
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.