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Gold, Silver And WTI Crude Daily Forecast

By Jason SenCommoditiesApr 23, 2021 05:42AM ET
www.investing.com/analysis/gold-silver-and-wti-crude-daily-forecast-200574888
Gold, Silver And WTI Crude Daily Forecast
By Jason Sen   |  Apr 23, 2021 05:42AM ET
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Gold spot bottomed exactly at better support at 1781/78. Longs need stops below 1775.

Silver spot dipped to strong support at 2620/10 but over ran to 2595 before a bounce.

WTI Crude JUNE Future bottomed exactly at support at 6075/65 for bounce to the first target of 6165/85.

Today’s Analysis

Gold holding strong support at 1781/78 targets 1788/90 with minor resistance at 1794/96 but eventually we should test strong 100 day moving average resistance at 1803/05. A high for the week could be seen here so it is worth profit taking on longs.

However a break above 1806 signals further gains to 1815.

Good support at 1781/78 again today. Longs need stops below 1775. Next downside target and buying opportunity at 1765/61. Longs need stops below 1757.

Silver holding strong support at 2610/00 targets 2650/60, perhaps as far as 2685/95 in to next week. A break above 2705 is the next buy signal.

Strong support at 2610/00 but below 2590 can target strong support at 2560/50.

Longs need stops below 2740.

WTI Crude bounce from support at 6075/65 hits the first target of 6170/90. Above here can target strong resistance at 6265/75. Strong resistance again at 6380/6400.

A break above 6435 targets 6480/85 with strong resistance at 6535/65.

First support at 6075/65. A break lower targets 6020/00. Longs need stops below 5980.

XAU Chart
XAU Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realised. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

Gold, Silver And WTI Crude Daily Forecast
 

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Gold, Silver And WTI Crude Daily Forecast

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Comments (2)
David Goldberg
David Goldberg Apr 23, 2021 8:53AM ET
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You analysis are great thanks for your input Jason
techplanet asia
techplanet asia Apr 23, 2021 7:52AM ET
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thanx i really touch with bro, and great good morning to you,
 
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