Gold spot ($)

The bias remains bullish.

Gold

 


 

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Pivot (invalidation): 1505.50

Our preference Long positions above 1505.50 with targets at 1514.50 & 1518.00 in extension.

Alternative scenario Below 1505.50 look for further downside with 1499.50 & 1493.50 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

Silver spot ($)

The bias remains bullish.

Silver

Pivot (invalidation): 17.9400

Our preference Long positions above 17.9400 with targets at 18.1700 & 18.2700 in extension.

Alternative scenario Below 17.9400 look for further downside with 17.8400 & 17.7600 as targets.

Comment The RSI is mixed to bullish.

 

Crude Oil (WTI)

Key resistance at 54.60.

Crude

Pivot (invalidation): 54.60

Our preference Short positions below 54.60 with targets at 53.90 & 53.70 in extension.

Alternative scenario Above 54.60 look for further upside with 55.00 & 55.55 as targets.

Comment As Long as the resistance at 54.60 is not surpassed, the risk of the break below 53.90 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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