Gold Spot ($) Intraday: the bias remains bullish
|Gold Spot ($)
The bias remains bullish.
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Pivot (invalidation): 1483.00
Our preference
Long positions above 1483.00 with targets at 1493.00 & 1498.50 in extension.
Alternative scenario
Below 1483.00 look for further downside with 1478.00 & 1474.00 as targets.
Comment
The RSI is mixed to bullish.
Silver Spot ($)
Bullish bias above 17.2600.
Pivot (invalidation): 17.2600
Our preference
Long positions above 17.2600 with targets at 17.4700 & 17.5700 in extension.
Alternative scenario
Below 17.2600 look for further downside with 17.1500 & 17.0500 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Crude Oil (WTI)
Range.
Pivot (invalidation): 53.25
Our preference
Short positions below 53.25 with targets at 52.75 & 52.40 in extension.
Alternative scenario
Above 53.25 look for further upside with 53.75 & 54.10 as targets.
Comment
The RSI is below its neutrality area at 50%
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