Gold spot ($)

Key resistance at 1499.50.




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Pivot (invalidation): 1499.50

Our preference
Short positions below 1499.50 with targets at 1490.00 & 1486.50 in extension.

Alternative scenario
Above 1499.50 look for further upside with 1504.00 & 1509.50 as targets.

As Long as the resistance at 1499.50 is not surpassed, the risk of the break below 1490.00 remains high.


Silver spot ($)

Key resistance at 17.6000.


Pivot (invalidation): 17.6000

Our preference
Short positions below 17.6000 with targets at 17.3700 & 17.3100 in extension.

Alternative scenario
Above 17.6000 look for further upside with 17.6900 & 17.8000 as targets.

The index currently faces a challenging resistance area at 17.6000.


Crude Oil (WTI)

Bullish bias above 53.40.

Crude Oil

Pivot (invalidation): 53.40

Our preference
Long positions above 53.40 with targets at 54.10 & 54.45 in extension.

Alternative scenario
Below 53.40 look for further downside with 53.05 & 52.60 as targets.

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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