Gold spot ($): Look for 1990.00

Gold

 


 

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Pivot (invalidation): 1954.00

Our preference
Long positions above 1954.00 with targets at 1981.00 & 1990.00 in extension.

Alternative scenario
Below 1954.00 look for further downside with 1946.00 & 1938.50 as targets.

Comment
The RSI calls for a new upleg.

 

Silver spot ($): Rebound

Silver

Pivot (invalidation): 23.2500

Our preference
Long positions above 23.2500 with targets at 23.7300 & 24.0800 in extension.

Alternative scenario
Below 23.2500 look for further downside with 22.8900 & 22.5700 as targets.

Comment
The RSI calls for a bounce.

 

Crude Oil (WTI): Caution

Crude Oil

Pivot (invalidation): 39.90

Our preference
Long positions above 39.90 with targets at 40.45 & 40.70 in extension.

Alternative scenario
Below 39.90 look for further downside with 39.50 & 39.15 as targets.

Comment
The RSI is mixed and calls for caution.

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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