Gold Intraday: towards 1888.00.
Pivot:
1859.00
Our preference:
Long positions above 1859.00 with targets at 1879.00 & 1888.00 in extension.
Alternative scenario:
Below 1859.00 look for further downside with 1850.00 & 1844.00 as targets.
Comment:
The RSI is bullish and calls for further advance.
Crude Oil (WTI) (H2) Intraday: key resistance at 92.50.
Pivot:
92.50
Our preference:
Short positions below 92.50 with targets at 90.00 & 89.00 in extension.
Alternative scenario:
Above 92.50 look for further upside with 93.30 & 94.00 as targets.
Comment:
As long as the resistance at 92.50 is not surpassed, the risk of the break below 90.00 remains high.
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