Gold spot ($)

Aim @ 1356.00.

Gold

 


 

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Pivot (invalidation): 1340.50

Our preference
Long positions above 1340.50 with targets at 1351.50 & 1356.00 in extension.

Alternative scenario
Below 1340.50 look for further downside with 1335.00 & 1331.50 as targets.

Comment
The RSI shows upside momentum.

 

Silver spot ($)

The upside prevails.

Silver

Pivot (invalidation): 14.8400

Our preference
Long positions above 14.8400 with targets at 15.0300 & 15.1400 in extension.

Alternative scenario
Below 14.8400 look for further downside with 14.7600 & 14.7100 as targets.

Comment
The RSI shows upside momentum.

 

Crude Oil (WTI)

Key resistance at 52.90.

Crude Oil

Pivot (invalidation): 52.90

Our preference
Short positions below 52.90 with targets at 51.70 & 50.90 in extension.

Alternative scenario
Above 52.90 look for further upside with 53.45 & 54.00 as targets.

Comment
As Long as the resistance at 52.90 is not surpassed, the risk of the break below 51.70 remains high.

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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