GOLD (Spot) intraday: The bias is bullish above 1130.
Pivot: 1130.00
Our Preference: LONG positions above 1130 with 1140 & 1146 as next targets.
Alternative scenario: The downside penetration of 1130 will call for a slide towards 1123 & 1112.
Comment: the price has validated a bullish symmetrical triangle, calling for further upisde but caution, the RSI is posting a bearish divergence (not confirmed yet).
Trend: ST Bullish; MT Bullish
Key levels Comment
1162*** Horizontal resistance
1146** Horizontal resistance
1140** Horizontal resistance
1139 Last
1130** Intraday pivot point
1123** Horizontal support
1112** Horizontal support
ANALISIS UNTUK SILVER
SILVER (Spot) intraday: Caution
Pivot: 16.75
Our Preference: LONG positions above 16.75 with targets @ 17.25 & 17.5.
Alternative scenario: The downside breakout of 16.75 will open the way to 16.55 & 16.3.
Comment: Caution, the price is on the upside but the RSI is posting a bearish divergence (not confirmet yet).
Trend: ST Ltd upside; MT Bullish
Key levels Comment
17.65***
17.5**
17.25**
17.15 Last
16.75**
16.55**
16.3**
