Gold spot ($)

Turning up.

Gold

 


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Pivot (invalidation): 1276.00

Our preference
Long positions above 1276.00 with targets at 1285.00 & 1287.00 in extension.

Alternative scenario
Below 1276.00 look for further downside with 1272.50 & 1269.00 as targets.

Comment
The RSI calls for a rebound.

 

Silver spot ($)

Caution.

Silver

 

Pivot (invalidation): 14.4000

Our preference
Short positions below 14.4000 with targets at 14.3100 & 14.2800 in extension.

Alternative scenario
Above 14.4000 look for further upside with 14.4600 & 14.5200 as targets.

Comment
The RSI is mixed and calls for caution.

 

Crude Oil (WTI)

Turning down.

Crude Oil

 

Pivot (invalidation): 59.10

Our preference
Short positions below 59.10 with targets at 58.20 & 57.85 in extension.

Alternative scenario
Above 59.10 look for further upside with 59.55 & 59.90 as targets.

Comment
The RSI is bearish and calls for further downside.

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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