Gold spot intraday: The bias remains bullish
|Gold spot: The bias remains bullish
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Pivot (invalidation): 1765.50
Our preference
Long positions above 1765.50 with targets at 1776.00 & 1779.00 in extension.
Alternative scenario
Below 1765.50 look for further downside with 1758.00 & 1755.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot: Expect 18.0700
Pivot (invalidation): 17.7500
Our preference
Long positions above 17.7500 with targets at 17.9700 & 18.0700 in extension.
Alternative scenario
Below 17.7500 look for further downside with 17.6700 & 17.5500 as targets.
Comment
The RSI is bullish and calls for further advance.
Crude Oil (WTI): Bullish bias above 38.80
Pivot (invalidation): 38.80
Our preference
Long positions above 38.80 with targets at 39.90 & 40.50 in extension.
Alternative scenario
Below 38.80 look for further downside with 38.20 & 37.60 as targets.
Comment
The RSI has just landed on its neutrality area at 50% and is turning up.
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