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At 4:30, what I said about Gold? Click here and read now.
I had written, “With The Flow: 34860 – 34700“.
The gold first target has come.
Do you think it will touch the second target?
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Intraday traders can follow the hurdle.
Upper targets: 4100 – 4150 levels
Warning: 3990 breakouts will initiate high selling pressure.
Positional traders must read this article: Crude oil Short-term Trend Analysis & Tips
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Crude oil needs to crossover 4100 levels completely to keep moving upward. Afterward, it will jump for the 4150 – 4200 – 4260 – 4300+.
Two consecutive closing price below to 3920 levels indicates a solid downtrend. It could be up to 3800 – 3700 – 3600 levels.
Breakout of the last week low initiates a new sell position. Downside up to 148 – 146 – 144 – 142.
Caution: a complete breakout required. Respect the trend but prepare for a reversal.
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