Gold spot intraday: Key resistance at 1869.00

Gold spot: Key resistance at 1869.00

XAUUSD


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Pivot (invalidation): 1869.00

Our preference
Short positions below 1869.00 with targets at 1857.00 & 1852.00 in extension.

Alternative scenario
Above 1869.00 look for further upside with 1875.00 & 1884.00 as targets.

Comment
The RSI is mixed to bearish.

Silver spot: Caution

XAGUSD

Pivot (invalidation): 24.1800

Our preference
Short positions below 24.1800 with targets at 23.8800 & 23.6200 in extension.

Alternative scenario
Above 24.1800 look for further upside with 24.4100 & 24.6200 as targets.

Comment
The RSI is mixed and calls for caution.

Crude Oil (WTI): Look for 42.65

Crude Oil

Pivot (invalidation): 41.55

Our preference
Long positions above 41.55 with targets at 42.15 & 42.65 in extension.

Alternative scenario
Below 41.55 look for further downside with 41.25 & 40.80 as targets.

Comment
The RSI calls for a new upleg.

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