Gold spot ($) Intraday: Further advance
|Gold spot ($)
Further advance.
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Pivot (invalidation): 1214.50
Our preference
Long positions above 1214.50 with targets at 1228.50 & 1235.00 in extension.
Alternative scenario
Below 1214.50 look for further downside with 1205.50 & 1200.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Further advance.
Pivot (invalidation): 14.4700
Our preference
Long positions above 14.4700 with targets at 14.6200 & 14.7100 in extension.
Alternative scenario
Below 14.4700 look for further downside with 14.3800 & 14.3100 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI)
Under pressure.
Pivot (invalidation): 71.85
Our preference
Short positions below 71.85 with targets at 70.50 & 70.00 in extension.
Alternative scenario
Above 71.85 look for further upside with 72.60 & 73.30 as targets.
Comment
The RSI advocates for further decline.
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