Gold spot ($)

Further upside.



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Pivot (invalidation): 1283.00

Our preference
Long positions above 1283.00 with targets at 1291.00 & 1293.50 in extension.

Alternative scenario
Below 1283.00 look for further downside with 1280.50 & 1277.00 as targets.

The RSI is bullish and calls for further upside.


Silver spot ($)

Look for 14.7000.


Pivot (invalidation): 14.5400

Our preference
Long positions above 14.5400 with targets at 14.6400 & 14.7000 in extension.

Alternative scenario
Below 14.5400 look for further downside with 14.4900 & 14.4300 as targets.

The RSI calls for a new upleg.


Crude Oil (WTI)

Intraday support around 58.20.


Pivot (invalidation): 58.20

Our preference
Long positions above 58.20 with targets at 59.00 & 59.35 in extension.

Alternative scenario
Below 58.20 look for further downside with 57.55 & 56.95 as targets.

The RSI is mixed and calls for caution.

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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