Gold Spot Levels: Rebound expected
|Gold spot ($)
Rebound expected.
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Pivot (invalidation): 1243.50
Our preference
Long positions above 1243.50 with targets at 1249.00 & 1251.00 in extension.
Alternative scenario
Below 1243.50 look for further downside with 1241.00 & 1239.00 as targets.
Comment
The RSI is mixed to bullish.
Silver spot ($)
Further upside.
Pivot (invalidation): 15.8900
Our preference
Long positions above 15.8900 with targets at 16.0000 & 16.0500 in extension.
Alternative scenario
Below 15.8900 look for further downside with 15.7900 & 15.7400 as targets.
Comment
The RSI is mixed to bullish.
Crude Oil (WTI)
Key resistance at 70.75.
Pivot (invalidation): 70.75
Our preference
Short positions below 70.75 with targets at 69.85 & 69.20 in extension.
Alternative scenario
Above 70.75 look for further upside with 71.20 & 71.80 as targets.
Comment
As Long as the resistance at 70.75 is not surpassed, the risk of the break below 69.85 remains high.
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