Gold spot Intraday: under pressure.
Most Likely Scenario: short positions below 1240.00 with targets @ 1220.00 & 1211.00 in extension.
Alternative scenario: above 1240.00 look for further upside with 1249.00 & 1254.00 as targets.
Comment: the RSI calls for a new downleg.
Crude Oil (WTI) (J6) Intraday: supported by a rising trend line.
Most Likely Scenario: long positions above 33.00 with targets @ 34.70 & 35.60 in extension.
Alternative scenario: below 33.00 look for further downside with 32.30 & 31.60 as targets.
Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
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