Gold spot Intraday: Expect 1437.50
Gold spot ($)
Expect 1437.50.
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Pivot (invalidation): 1416.00
Our preference
Long positions above 1416.00 with targets at 1428.00 & 1437.50 in extension.
Alternative scenario
Below 1416.00 look for further downside with 1410.00 & 1403.00 as targets.
Comment
The RSI shows upside momentum.
Silver spot ($)
Supported by a rising trend line.
Pivot (invalidation): 15.1500
Our preference
Long positions above 15.1500 with targets at 15.4200 & 15.5000 in extension.
Alternative scenario
Below 15.1500 look for further downside with 15.0700 & 15.0200 as targets.
Comment
The RSI is bullish and calls for further advance.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 59.75
Our preference
Long positions above 59.75 with targets at 61.10 & 61.95 in extension.
Alternative scenario
Below 59.75 look for further downside with 59.05 & 58.50 as targets.
Comment
The RSI shows upside momentum.
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