Gold Spot ($) Intraday: under pressure
|Gold Spot ($)
Under pressure.
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Pivot (invalidation): 1557.50
Our preference
Short positions below 1557.50 with targets at 1546.00 & 1542.00 in extension.
Alternative scenario
Above 1557.50 look for further upside with 1561.00 & 1564.50 as targets.
Comment
The RSI advocates for further downside.
Silver Spot ($)
Look for 17.5100.
Pivot (invalidation): 17.8100
Our preference
Short positions below 17.8100 with targets at 17.6100 & 17.5100 in extension.
Alternative scenario
Above 17.8100 look for further upside with 17.9100 & 18.0400 as targets.
Comment
A break below 17.6100 would trigger a drop towards 17.5100.
Crude Oil (WTI)
Caution.
Pivot (invalidation): 58.05
Our preference
Long positions above 58.05 with targets at 58.35 & 58.55 in extension.
Alternative scenario
Below 58.05 look for further downside with 57.70 & 57.40 as targets.
Comment
The RSI is mixed and calls for caution.
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