XAU Trading Outlook Archive

SPI 200‏ (ASX)‏ (M6) Intraday: rebound. Pivot: 5030 Our preference: long positions above 5030 with targets @ 5100 & 5145 in extension. Alternative scenario: below 5030 look for further downside with 4990 & 4960 as targets. Comment: the RSI is supported by a rising trend… Read more

SPI 200‏ (ASX)‏ (M6) Intraday: the downside prevails. Pivot: 5100 Our preference: short positions below 5100 with targets @ 4960 & 4940 in extension. Alternative scenario: above 5100 look for further upside with 5145 & 5167 as targets. Comment: the RSI is mixed with a… Read more

SPI 200‏ (ASX)‏ (M6) Intraday: the downside prevails. Pivot: 5100 Our preference: short positions below 5100 with targets @ 5010 & 4985 in extension. Alternative scenario: above 5100 look for further upside with 5145 & 5167 as targets. Comment: the RSI is bearish and calls… Read more

Crude Oil‏ (WTI)‏ (K6) Intraday: rebound. Pivot: 39.00 Our preference: long positions above 39.00 with targets @ 39.88 & 40.38 in extension. Alternative scenario: below 39.00 look for further downside with 38.35 & 38.00 as targets. Comment: the RSI is bullish and calls for further… Read more

SPI 200‏ (ASX)‏ (M6) Intraday: the downside prevails. Pivot: 5150 Our preference: short positions below 5150 with targets @ 5065 & 5045 in extension. Alternative scenario: above 5150 look for further upside with 5167 & 5183 as targets. Comment: the RSI has broken down its… Read more

SPI 200‏ (ASX)‏ (M6) Intraday: consolidation. Pivot: 5185 Our preference: short positions below 5185 with targets @ 5120 & 5085 in extension. Alternative scenario: above 5185 look for further upside with 5214 & 5240 as targets. Comment: as long as 5185 is resistance, likely decline… Read more

Gold spot Intraday: the downside prevails. Pivot: 1255.00 Our preference: short positions below 1255.00 with targets @ 1235.00 & 1225.00 in extension. Alternative scenario: above 1255.00 look for further upside with 1266.00 & 1271.00 as targets. Comment: the RSI is mixed with a bearish bias…. Read more

SPI 200‏ (ASX)‏ (M6) Intraday: the bias remains bullish. Pivot: 5140 Our preference: long positions above 5140 with targets @ 5214 & 5240 in extension. Alternative scenario: below 5140 look for further downside with 5120 & 5085 as targets. Comment: a support base at 5140… Read more

SPI 200‏ (ASX)‏ (M6) Intraday: the bias remains bullish. Pivot: 5140 Our preference: long positions above 5140 with targets @ 5206 & 5240 in extension. Alternative scenario: below 5140 look for further downside with 5120 & 5085 as targets. Comment: technically the RSI is above… Read more

SPI 200‏ (ASX)‏ (H6) Intraday: the upside prevails. Pivot: 5104 Our preference: long positions above 5104 with targets @ 5190 & 5223 in extension. Alternative scenario: below 5104 look for further downside with 5078 & 5040 as targets. Comment: the RSI is bullish and calls… Read more