Technical aug19

GOLD (Spot) intraday: the bias remains bullish.

Pivot: 1815.00 Our Preference: LONG positions above 1815 with 1857 & 1875 as next targets. Alternative scenario: The downside penetration of 1815 will call for a slide towards 1796 & 1778. Comment: the RSI is mixed and calls for caution. Crude Oil (Oct 11) intraday: the bias remains bearish Pivot: 82.05 Our Preference: SHORT positions below 82.05 with 79.85 & 78.05 in sight. Alternative scenario: The upside penetration of 82.05 will call for a rebound towards 84.3 & 85.8. Comment: the RSI is mixed and calls for caution.