Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Gold, Silver, Crude Oil Daily Forecast

By Jason SenCommoditiesApr 21, 2021 05:09AM ET
www.investing.com/analysis/gold-silver-crude-oil-daily-forecast-200574352
Gold, Silver, Crude Oil Daily Forecast
By Jason Sen   |  Apr 21, 2021 05:09AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Gold spot bottomed exactly at best support at 1764/61. Longs worked perfectly on the 20 point bounce to 1784.

Silver spot still holding the next target of 2610/20 as we trade sideways all through April.

WTI Crude JUNE Future collapsed from the next target & resistance at 6380/6400 to break 1st support at 6300/6280. However we bottomed exactly at the next target & support at 6185/65

Today’s Analysis

Gold minor support at 1772/70, then strong support again at 1764/61. Longs need stops below 1759. A break lower targets 1756/55 with support at 1748/46.

Gold recovers to the first target of 1775/80 as we look for a retest of this week’s high of 1788/90 now. A break higher today targets minor resistance at 1792/96 before strong 100 day moving average resistance at 1803/05.

Silver hit the next target of 2610/20 & topped exactly here as expected over the past 2 days. However a break above 2630 this week targets 2650/60, perhaps as far as 2685/95.

Strong support at 2575/65 saw a low for the day exactly as predicted. Longs need stops below 2755 today. Strong support at 2540/30 but longs need stops below 2510.

WTI Crude first support at 6185/65. A break lower to targets support at 6075/65. If we continue lower look for 6020/00.

Minor resistance at 6265/75. Strong resistance again at 6380/6400. A break above 6435 targets 6480/85 with strong resistance at 6535/65.

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, Crude Oil Daily Forecast
 

Related Articles

Gold, Silver, Crude Oil Daily Forecast

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (2)
techplanet asia
techplanet asia Apr 22, 2021 3:22AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Paul Barron
Paul Barron Apr 21, 2021 8:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email