Daily Technical Analysis Thursday, January 21, 2021

Pre Us Open, Daily Technical Analysis Thursday, January 21, 2021

Gold Pivot: 1857.00Most Likely Scenario: long positions above 1857.00 with targets at 1881.00 & 1894.00 in extension.Alternative scenario: below 1857.00 look for further downside with 1849.00 & 1841.00 as targets.Comment: the break above 1857.00 is a positive signal that has opened a path to 1881.00.

Crude Pivot: 53.20Most Likely Scenario: short positions below 53.20 with targets at 52.40 & 52.05 in extension.Alternative scenario: above 53.20 look for further upside with 53.60 & 53.80 as targets.Comment: the RSI is bearish and calls for further downside.

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