XAU Trading Outlook Archive

Gold spot Intraday: further upside. Pivot: 1271.50 Our preference: long positions above 1271.50 with targets @ 1293.00 & 1303.00 in extension. Alternative scenario: below 1271.50 look for further downside with 1257.00 & 1246.00 as targets. Comment: the RSI is mixed to bullish. Supports and resistances:… Read more

Gold spot Intraday: capped by a negative trend line Pivot: 1223.00 Our preference: short positions below 1223.00 with targets @ 1190.00 & 1181.00 in extension. Alternative scenario: above 1223.00 look for further upside with 1234.50 & 1242.50 as targets. Comment: as long as 1223.00 is… Read more

Trade SPI 200‏ (ASX)‏ (M6) Intraday: the bias remains bullish. Pivot: 5350 Our preference: long positions above 5350 with targets @ 5415 & 5450 in extension. Alternative scenario: below 5350 look for further downside with 5302 & 5270 as targets. Comment: even though a continuation… Read more

Trade SPI 200‏ (ASX)‏ (M6) Intraday: caution. Pivot: 5340 Our preference: long positions above 5340 with targets @ 5415 & 5450 in extension. Alternative scenario: below 5340 look for further downside with 5302 & 5270 as targets. Comment: even though a continuation of the consolidation cannot… Read more

Trade SPI 200‏ (ASX)‏ (M6) Intraday: further upside.   Pivot: 5340 Our preference: long positions above 5340 with targets @ 5450 & 5500 in extension. Alternative scenario: below 5340 look for further downside with 5302 & 5270 as targets. Comment: the RSI is mixed to bullish…. Read more

Trade SPI 200‏ (ASX)‏ (M6) Intraday: consolidation. Pivot: 5370 Our preference: short positions below 5370 with targets @ 5302 & 5270 in extension. Alternative scenario: above 5370 look for further upside with 5390 & 5415 as targets. Comment: the RSI lacks upward momentum. Supports and… Read more

Gold spot Intraday: further upside Pivot: 1270.00 Our preference: long positions above 1270.00 with targets @ 1283.10 & 1287.70 in extension. Alternative scenario: below 1270.00 look for further downside with 1264.30 & 1256.40 as targets. Comment: the RSI is mixed to bullish. Supports and resistances:… Read more

Gold spot Intraday: under pressure Pivot: 1271.25 Our preference: short positions below 1271.25 with targets @ 1261.00 & 1253.00 in extension. Alternative scenario: above 1271.25 look for further upside with 1282.25 & 1289.50 as targets. Comment: the RSI is mixed to bearish. Supports and resistances:… Read more

Crude Oil‏ (WTI)‏ (M6) Intraday: the bias remains bullish Pivot: 44.50 Our preference: long positions above 44.50 with targets @ 46.08 & 46.60 in extension. Alternative scenario: below 44.50 look for further downside with 43.64 & 43.14 as targets. Comment: the RSI advocates for further… Read more

Trade SPI 200‏ (ASX)‏ (M6) Intraday: under pressure. Pivot: 5233 Our preference: short positions below 5233 with targets @ 5168 & 5145 in extension. Alternative scenario: above 5233 look for further upside with 5270 & 5300 as targets. Comment: the RSI lacks upward momentum. Supports… Read more