Gold spot Intraday: bullish bias above 1495.00
|Gold spot ($)
Bullish bias above 1495.00.
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Pivot (invalidation): 1495.00
Our preference
Long positions above 1495.00 with targets at 1506.00 & 1512.00 in extension.
Alternative scenario
Below 1495.00 look for further downside with 1491.00 & 1486.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
The bias remains bullish.
Pivot (invalidation): 17.7300
Our preference
Long positions above 17.7300 with targets at 18.0000 & 18.1900 in extension.
Alternative scenario
Below 17.7300 look for further downside with 17.5300 & 17.3800 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI)
Bullish bias above 60.80.
Pivot (invalidation): 60.80
Our preference
Long positions above 60.80 with targets at 63.35 & 64.30 in extension.
Alternative scenario
Below 60.80 look for further downside with 59.55 & 58.70 as targets.
Comment
The RSI lacks downward momentum.
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