Gold spot Intraday: towards 1517.50
|Gold spot ($)
Towards 1517.50.
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Pivot (invalidation): 1496.00
Our preference
Long positions above 1496.00 with targets at 1512.00 & 1517.50 in extension.
Alternative scenario
Below 1496.00 look for further downside with 1491.00 & 1486.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Bullish bias above 17.6000.
Pivot (invalidation): 17.6000
Our preference
Long positions above 17.6000 with targets at 17.9900 & 18.1900 in extension.
Alternative scenario
Below 17.6000 look for further downside with 17.3800 & 17.2800 as targets.
Comment
The RSI is mixed with a bullish bias.
Crude Oil (WTI)
Consolidation in place.
Pivot (invalidation): 61.50
Our preference
Short positions below 61.50 with targets at 58.75 & 57.20 in extension.
Alternative scenario
Above 61.50 look for further upside with 63.25 & 64.25 as targets.
Comment
The RSI has just broken down its overbought area (70%).
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