Gold Spot ($)

Supported by a rising trend line.

XAUUSD


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Pivot (invalidation): 1567.00

Our preference
Long positions above 1567.00 with targets at 1576.50 & 1580.00 in extension.

Alternative scenario
Below 1567.00 look for further downside with 1563.00 & 1560.00 as targets.

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

 

Silver Spot ($)

Bullish bias above 17.6500.

XAGUSD

Pivot (invalidation): 17.6500

Our preference
Long positions above 17.6500 with targets at 17.7500 & 17.8200 in extension.

Alternative scenario
Below 17.6500 look for further downside with 17.5700 & 17.5200 as targets.

Comment
The RSI lacks downward momentum.

 

Crude Oil (WTI)

Capped by a negative trend line.

Crude Oil

Pivot (invalidation): 50.65

Our preference
Short positions below 50.65 with targets at 49.90 & 49.55 in extension.

Alternative scenario
Above 50.65 look for further upside with 51.00 & 51.30 as targets.

Comment
The upward potential is likely to be limited by the resistance at 50.65.

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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