Gold Intraday: expect 1842.00.
Pivot:
1816.00
Our preference:
Long positions above 1816.00 with targets at 1835.00 & 1842.00 in extension.
Alternative scenario:
Below 1816.00 look for further downside with 1809.00 & 1802.00 as targets.
Comment:
The RSI is mixed with a bullish bias.
Crude Oil (WTI) (H2) Intraday: key resistance at 90.25.
Pivot:
90.25
Our preference:
Short positions below 90.25 with targets at 88.50 & 87.70 in extension.
Alternative scenario:
Above 90.25 look for further upside with 90.90 & 91.70 as targets.
Comment:
As long as the resistance at 90.25 is not surpassed, the risk of the break below 88.50 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.