Gold spot: Further upside

XAUUSD

 


 

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Pivot (invalidation): 1772.00

Our preference
Long positions above 1772.00 with targets at 1793.00 & 1800.00 in extension.

Alternative scenario
Below 1772.00 look for further downside with 1764.00 & 1758.00 as targets.

Comment
The RSI calls for a new upleg.

 

Silver spot: Further upside

XAGUSD

Pivot (invalidation): 18.0700

Our preference
Long positions above 18.0700 with targets at 18.3200 & 18.5000 in extension.

Alternative scenario
Below 18.0700 look for further downside with 17.9000 & 17.7600 as targets.

Comment
The RSI is bullish and calls for further advance.

 

Crude Oil (WTI): 40.90 expected

Crude Oil

Pivot (invalidation): 38.85

Our preference
Long positions above 38.85 with targets at 40.10 & 40.90 in extension.

Alternative scenario
Below 38.85 look for further downside with 38.20 & 37.60 as targets.

Comment
The RSI is mixed to bullish.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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