Gold spot ($)

The bias remains bullish.

GOLD


 

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Pivot (invalidation): 1295.50

Our preference
Long positions above 1295.50 with targets at 1303.00 & 1306.00 in extension.

Alternative scenario
Below 1295.50 look for further downside with 1291.50 & 1288.00 as targets.

Comment
Technically the RSI is above its neutrality area at 50.

 

Silver spot ($)

The bias remains bullish.

Silver

Pivot (invalidation): 14.7000

Our preference
Long positions above 14.7000 with targets at 14.8600 & 14.9000 in extension.

Alternative scenario
Below 14.7000 look for further downside with 14.6000 & 14.5500 as targets.

Comment
The RSI is mixed to bullish.

 

Crude Oil (WTI)

Expect 60.30.

Oil

Pivot (invalidation): 61.70

Our preference
Short positions below 61.70 with targets at 60.65 & 60.30 in extension.

Alternative scenario
Above 61.70 look for further upside with 61.95 & 62.30 as targets.

Comment
As Long as the resistance at 61.70 is not surpassed, the risk of the break below 60.65 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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