Gold spot intraday: The bias remains bullish
|Gold spot: The bias remains bullish
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Pivot (invalidation): 1786.00
Our preference
Long positions above 1786.00 with targets at 1803.00 & 1811.00 in extension.
Alternative scenario
Below 1786.00 look for further downside with 1781.00 & 1775.00 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Silver spot: Expect 18.5200
Pivot (invalidation): 18.1400
Our preference
Long positions above 18.1400 with targets at 18.4400 & 18.5200 in extension.
Alternative scenario
Below 18.1400 look for further downside with 18.0600 & 17.9700 as targets.
Comment
The RSI lacks downward momentum.
Crude Oil (WTI): Bounce
Pivot (invalidation): 40.25
Our preference
Long positions above 40.25 with targets at 41.10 & 41.40 in extension.
Alternative scenario
Below 40.25 look for further downside with 39.90 & 39.60 as targets.
Comment
The RSI calls for a bounce.
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