Silver spot Intraday: Turning down

Gold spot ($)

Turning down.

XAUUSD

 


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Pivot (invalidation): 1239.50

Our preference
Short positions below 1239.50 with targets at 1232.00 & 1228.00 in extension.

Alternative scenario
Above 1239.50 look for further upside with 1242.00 & 1244.50 as targets.

Comment
The RSI shows downside momentum.

 

Silver spot ($)

Turning down.

XAGUSD

Pivot (invalidation): 14.5400

Our preference
Short positions below 14.5400 with targets at 14.3400 & 14.2700 in extension.

Alternative scenario
Above 14.5400 look for further upside with 14.6500 & 14.7200 as targets.

Comment
The RSI is bearish and calls for further downside.

 

Crude Oil (WTI)

The downside prevails.

Oil

Pivot (invalidation): 53.35

Our preference
Short positions below 53.35 with targets at 51.60 & 50.75 in extension.

Alternative scenario
Above 53.35 look for further upside with 54.55 & 55.50 as targets.

Comment
The RSI advocates 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.