Gold
Our Preference: SHORT positions below 1645 with 1577 & 1545 in sight.
Alternative scenario: The upside breakout of 1645 will open the way to 1665 & 1690.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Bearish; MT Range
Crude Oil:
Our Preference: SHORT positions below 80.85 with targets @ 77.5 & 76.6.
Alternative scenario: The upside penetration of 80.85 will call for a rebound towards 81.7 & 83.4.
Comment: the RSI is bearish and calls for further downside.
Silver:
Our Preference: SHORT positions below 29.9 with 24.9 & 22.85 in sight.
Alternative scenario: The upside breakout of 29.9 will open the way to 31.3 & 32.45.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Bearish; MT Bearish
Note: Futures Trading is Subject to high risk, so trade in protective way.
