Gold Spot Levels: Consolidation in place
|Gold spot ($)
Consolidation in place.
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Pivot (invalidation): 1215.00
Our preference
Short positions below 1215.00 with targets at 1206.75 & 1204.00 in extension.
Alternative scenario
Above 1215.00 look for further upside with 1217.25 & 1220.25 as targets.
Comment
As Long as 1215.00 is resistance, look for choppy price action with a bearish bias.
Silver spot ($)
Target 15.2100.
Pivot (invalidation): 15.3800
Our preference
Short positions below 15.3800 with targets at 15.2100 & 15.1600 in extension.
Alternative scenario
Above 15.3800 look for further upside with 15.4300 & 15.5100 as targets.
Comment
The RSI is mixed to bearish.
Crude Oil (WTI)
Aim @ 68.60.
Pivot (invalidation): 67.10
Our preference
Long positions above 67.10 with targets at 68.00 & 68.60 in extension.
Alternative scenario
Below 67.10 look for further downside with 66.50 & 66.10 as targets.
Comment
The RSI is mixed to bullish.
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