Gold spot ($)

Expect 1510.00.

Gold


 

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Pivot (invalidation): 1523.00

Our preference
Short positions below 1523.00 with targets at 1516.00 & 1510.00 in extension.

Alternative scenario
Above 1523.00 look for further upside with 1525.50 & 1528.00 as targets.

Comment
A break below 1516.00 would trigger a drop towards 1510.00.

 

Silver spot ($)

Consolidation in place.

Silver

Pivot (invalidation): 17.9900

Our preference
Short positions below 17.9900 with targets at 17.7200 & 17.6500 in extension.

Alternative scenario
Above 17.9900 look for further upside with 18.1400 & 18.2500 as targets.

Comment
The RSI is mixed to bearish.

 

Crude Oil (WTI)

Look for 60.80.

Oil

Pivot (invalidation): 61.60

Our preference
Short positions below 61.60 with targets at 61.00 & 60.80 in extension.

Alternative scenario
Above 61.60 look for further upside with 61.85 & 62.05 as targets.

Comment
As Long as the resistance at 61.60 is not surpassed, the risk of the break below 61.00 remains high.

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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