We had big move to the upside, however, it is going to create corrective structure. Expecting $8-10 price drop before we take another long shot.
Hope you benefited trading both side.
It's not a trading call just an idea how the market would move.
GOLD and OIL both are quite Bullish due to current economic uncertainty.
Buy the dips and keep long term targets to 33, 35, and 40.
Note, any impulsive moves to the downside will be short-lived.
While the price is below the resistance 60.95, beginning of downtrend is expected.
We make sure when the support at 55.20 breaks.
If the resistance at 60.95 is broken, the short-term forecast -beginning of downtrend- will be invalid.
We will close our open trades, if the Midterm level 60.95 is broken.
The RSI support #1 at...