Gold spot Intraday: Turning

Gold spot ($)

Turning

Gold

 


 

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Pivot (invalidation): 1315.00

Our preference
Short positions below 1315.00 with targets at 1308.00 & 1305.00 in extension.

Alternative scenario
Above 1315.00 look for further upside with 1317.00 & 1319.00 as targets.

Comment
The RSI shows downside momentum.

 

Silver spot ($)

Turning down.

Silver

Pivot (invalidation): 15.8400

Our preference
Short positions below 15.8400 with targets at 15.6800 & 15.6200 in extension.

Alternative scenario
Above 15.8400 look for further upside with 15.9000 & 15.9900 as targets.

Comment
The RSI shows downside momentum.

 

Crude Oil (WTI)

Turning down.

Crude Oil

Pivot (invalidation): 52.60

Our preference
Short positions below 52.60 with targets at 51.70 & 51.30 in extension.

Alternative scenario
Above 52.60 look for further upside with 53.00 & 53.40 as targets.

Comment
The RSI shows downside momentum.

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.