Gold spot Intraday – Gold spot Intraday: further advance.
Pivot: 1205.80
Most Likely Scenario: long positions above 1205.80 with targets @ 1217.60 & 1220.50 in extension.
Alternative scenario: below 1205.80 look for further downside with 1203.00 & 1199.50 as targets.
Comment: the RSI is mixed to bullish.
Crude Oil (WTI) (N6) Intraday: key resistance at 49.41.
Pivot: 49.41
Most Likely Scenario: short positions below 49.41 with targets @ 48.85 & 48.45 in extension.
Alternative scenario: above 49.41 look for further upside with 49.72 & 50.10 as targets.
Comment: the upward potential is likely to be limited by the resistance at 49.41.
Oil Chart
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