Gold spot ($)

Bullish bias above 1515.00

GOLD

 


 

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Pivot (invalidation): 1515.00

Our preference
Long positions above 1515.00 with targets at 1528.00 & 1535.00 in extension.

Alternative scenario
Below 1515.00 look for further downside with 1508.00 & 1502.00 as targets.

Comment
The RSI is mixed to bullish.

 

Silver spot ($)

Capped by a negative trend line

SILVER

 

Pivot (invalidation): 17.3900

Our preference
Short positions below 17.3900 with targets at 17.0800 & 17.0000 in extension.

Alternative scenario
Above 17.3900 look for further upside with 17.5000 & 17.6400 as targets.

Comment
The RSI calls for a drop.

 

Crude Oil (WTI)

Turning up

OIL

 

Pivot (invalidation): 54.05

Our preference
Long positions above 54.05 with targets at 55.90 & 56.45 in extension.

Alternative scenario
Below 54.05 look for further downside with 53.55 & 52.95 as targets.

Comment
The RSI calls for a rebound.

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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