Gold spot ($)
Look for 1568.00.
Pivot (invalidation): 1558.00
Long positions above 1558.00 with targets at 1564.00 & 1568.00 in extension.
Below 1558.00 look for further downside with 1554.50 & 1551.50 as targets.
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Silver spot ($)
Bullish bias above 17.6900.
Pivot (invalidation): 17.6900
Long positions above 17.6900 with targets at 17.9000 & 17.9800 in extension.
Below 17.6900 look for further downside with 17.5800 & 17.4900 as targets.
The RSI is mixed with a bullish bias.
Crude Oil (WTI)
Pivot (invalidation): 56.00
Short positions below 56.00 with targets at 55.15 & 54.75 in extension.
Above 56.00 look for further upside with 56.55 & 57.05 as targets.
As Long as 56.00 is resistance, expect a return to 55.15.
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.