Gold Spot Intraday: The downside prevails
|Gold spot ($)
The downside prevails.
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Pivot (invalidation): 1224.00
Our preference
Short positions below 1224.00 with targets at 1212.00 & 1209.00 in extension.
Alternative scenario
Above 1224.00 look for further upside with 1227.00 & 1230.00 as targets.
Comment
The RSI advocates for further decline.
Silver spot ($)
Capped by a negative trend line.
Pivot (invalidation): 14.4500
Our preference
Short positions below 14.4500 with targets at 14.2800 & 14.2100 in extension.
Alternative scenario
Above 14.4500 look for further upside with 14.5400 & 14.6200 as targets.
Comment
The RSI advocates for further decline.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 61.30
Our preference
Short positions below 61.30 with targets at 59.95 & 59.15 in extension.
Alternative scenario
Above 61.30 look for further upside with 61.95 & 62.40 as targets.
Comment
The RSI advocates for further decline.
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