Gold spot ($) Intraday: Further advance

Gold spot ($)

Further advance.

XAUUSD


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Pivot (invalidation): 1214.50

Our preference
Long positions above 1214.50 with targets at 1228.50 & 1235.00 in extension.

Alternative scenario
Below 1214.50 look for further downside with 1205.50 & 1200.00 as targets.

Comment
The RSI is mixed to bullish.

 

Silver spot ($)

Further advance.

XAGUSD

Pivot (invalidation): 14.4700

Our preference
Long positions above 14.4700 with targets at 14.6200 & 14.7100 in extension.

Alternative scenario
Below 14.4700 look for further downside with 14.3800 & 14.3100 as targets.

Comment
The RSI is mixed to bullish.

 

Crude Oil (WTI)

Under pressure.

Curde Oil

Pivot (invalidation): 71.85

Our preference
Short positions below 71.85 with targets at 70.50 & 70.00 in extension.

Alternative scenario
Above 71.85 look for further upside with 72.60 & 73.30 as targets.

Comment
The RSI advocates for further decline.

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.