Gold spot ($)

The bias remains bullish.




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Pivot (invalidation): 1324.00

Our preference
Long positions above 1324.00 with targets at 1334.00 & 1344.00 in extension.

Alternative scenario
Below 1324.00 look for further downside with 1320.00 & 1315.00 as targets.

The RSI is above its neutrality area at 50%.


Silver spot ($)

Supported by a rising trend line.



Pivot (invalidation): 14.7000

Our preference
Long positions above 14.7000 with targets at 14.9200 & 15.0000 in extension.

Alternative scenario
Below 14.7000 look for further downside with 14.6400 & 14.5600 as targets.

The RSI calls for a bounce.


Crude Oil (WTI)

Key resistance at 52.50.



Pivot (invalidation): 52.50

Our preference
Short positions below 52.50 with targets at 51.25 & 50.60 in extension.

Alternative scenario
Above 52.50 look for further upside with 53.00 & 53.40 as targets.

The RSI is below its neutrality area at 50%

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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