Gold Spot ($) Intraday: Under pressure
|Gold spot ($)
Under pressure.
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Pivot (invalidation): 1292.50
Our preference
Short positions below 1292.50 with targets at 1284.00 & 1280.50 in extension.
Alternative scenario
Above 1292.50 look for further upside with 1295.50 & 1299.50 as targets.
Comment
The RSI advocates for further decline.
Silver spot ($)
Under pressure.
Pivot (invalidation): 15.0300
Our preference
Short positions below 15.0300 with targets at 14.8800 & 14.8000 in extension.
Alternative scenario
Above 15.0300 look for further upside with 15.1000 & 15.1800 as targets.
Comment
A break below 14.8800 would trigger a drop towards 14.8000.
Crude Oil (WTI)
Consolidation.
Pivot (invalidation): 64.05
Our preference
Short positions below 64.05 with targets at 63.30 & 62.95 in extension.
Alternative scenario
Above 64.05 look for further upside with 64.30 & 64.65 as targets.
Comment
As Long as 64.05 is resistance, expect a return to 63.30.
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