Gold
Pivot: 1625.00
Our Preference: SHORT (Sell) positions below 1625 with 1600 & 1595 as next targets.
Alternative scenario: The upside breakout of 1625 will open the way to 1640 & 1650.
Comment: the RSI calls for a new down leg.
Crude Oil
Pivot: 86.50
Our Preference: SHORT (Sell) positions below 86.5 with 84 & 83.45 as next targets.
Alternative scenario: The upside penetration of 86.5 will call for a rebound towards 87.3 & 88.15.
Comment: the break below 86.5 is a negative signal that has opened a path to 84.
Disclaimer: This is the research report by Trading Central. We suggest to trade as per trade set up only. We provide this report to our clients for generating trading ideas.
