Gold spot ($)

Key resistance at 1435.00.




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Pivot (invalidation): 1435.00

Our preference
Short positions below 1435.00 with targets at 1420.00 & 1415.00 in extension.

Alternative scenario
Above 1435.00 look for further upside with 1441.00 & 1447.00 as targets.

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


Silver spot ($)

Turning up.



Pivot (invalidation): 16.1500

Our preference
Long positions above 16.1500 with targets at 16.5100 & 16.7300 in extension.

Alternative scenario
Below 16.1500 look for further downside with 16.0400 & 15.9400 as targets.

The RSI is bullish and calls for further upside.


Crude Oil (WTI)

Target 57.30.



Pivot (invalidation): 55.50

Our preference
Long positions above 55.50 with targets at 56.80 & 57.30 in extension.

Alternative scenario
Below 55.50 look for further downside with 55.00 & 54.70 as targets.

The RSI calls for a rebound.

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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