Gold Spot ($) Intraday: Break of a ST rising trendline support
|Gold spot ($)
Break of a ST rising trendline support.
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Pivot (invalidation): 1308.50
Our preference
Short positions below 1308.50 with targets at 1303.50 & 1300.50 in extension.
Alternative scenario
Above 1308.50 look for further upside with 1311.50 & 1315.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver spot ($)
Watch 15.2800.
Pivot (invalidation): 15.4900
Our preference
Short positions below 15.4900 with targets at 15.3400 & 15.2800 in extension.
Alternative scenario
Above 15.4900 look for further upside with 15.5400 & 15.6200 as targets.
Comment
The RSI lacks downward momentum.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 57.50
Our preference
Long positions above 57.50 with targets at 58.70 & 59.40 in extension.
Alternative scenario
Below 57.50 look for further downside with 57.05 & 56.75 as targets.
Comment
The RSI is bullish and calls for further advance.
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