Gold spot ($)

1279.00 in sight.

GOLD

 


 

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Pivot (invalidation): 1289.50

Our preference
Short positions below 1289.50 with targets at 1281.75 & 1279.00 in extension.

Alternative scenario
Above 1289.50 look for further upside with 1293.00 & 1295.25 as targets.

Comment
The RSI shows downside momentum.

 

Silver spot ($)

14.3700 expected.

SILVER

Pivot (invalidation): 14.6300

Our preference
Short positions below 14.6300 with targets at 14.4300 & 14.3700 in extension.

Alternative scenario
Above 14.6300 look for further upside with 14.7400 & 14.8100 as targets.

Comment
The RSI is bearish and calls for further decline.

 

Crude Oil (WTI)

Supported by a rising trend line.

OIL

Pivot (invalidation): 62.75

Our preference
Long positions above 62.75 with targets at 63.65 & 64.15 in extension.

Alternative scenario
Below 62.75 look for further downside with 62.25 & 61.95 as targets.

Comment
The RSI is bullish and calls for further advance.

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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