Gold Spot ($) Intraday: Under pressure

Gold spot ($)

Under pressure.

Gold


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Pivot (invalidation): 1292.50

Our preference
Short positions below 1292.50 with targets at 1284.00 & 1280.50 in extension.

Alternative scenario
Above 1292.50 look for further upside with 1295.50 & 1299.50 as targets.

Comment
The RSI advocates for further decline.

 

Silver spot ($)

Under pressure.

Silver

Pivot (invalidation): 15.0300

Our preference
Short positions below 15.0300 with targets at 14.8800 & 14.8000 in extension.

Alternative scenario
Above 15.0300 look for further upside with 15.1000 & 15.1800 as targets.

Comment
A break below 14.8800 would trigger a drop towards 14.8000.

 

Crude Oil (WTI)

Consolidation.

Crude Oil

Pivot (invalidation): 64.05

Our preference
Short positions below 64.05 with targets at 63.30 & 62.95 in extension.

Alternative scenario
Above 64.05 look for further upside with 64.30 & 64.65 as targets.

Comment
As Long as 64.05 is resistance, expect a return to 63.30.

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.