Based on Trendline & Resistance area that Gold had encounter several times but unable to break.
bearish engulfing is then formed after the test with resistance level.
Entry Price: 1222.00 - 1225.00
Target Level: 1213.00
According to my analysis as shown my previous publish.
We have the 2nd chance to entry again.
Preferred Entry Price: 1215.00-1219.00 / Current Price
1st Target Price: 1200.00
2nd Target Price: 1192.00
Based on my Prediction on Weekly Chart for WTI US OIL:
minimum to support 1 then rebound.
maximum to support 3 another reject by the support then rebound to 50.00.
1.Short to support 3 but comfort close at support 1.
2.Long at support 3 to resistance 1 then close.
3.Wait long at support 1 to resistance 2.
4.Long at resistance 1 to 50.00.