Are you looking to maximize your investments in the current market conditions? Look no further! In this article, we will provide you with expert analysis and predictions for Gold, Silver, and WTI Crude Futures.
Gold
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Gold () is showing signs of a potential new leg higher in the longer-term 20-year bull trend. Despite a recent short-term correction, we remain in a bullish trend, with a target of 2525/28. A break above 2533 could lead to further gains up to 2599/2602.
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If Gold falls below 2500, it could present a buying opportunity at 2494/91. Long positions should have stops below 2485 to manage risk.
Silver
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Silver () has seen a recent buy signal with targets at 2940/45 and 2970/75. A break above 3000 could signal further upside towards 3035 and 3060.
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Traders can consider buying at 2920/2900 with stops below 2875. Targets include 2940, 2960, and 2980.
WTI Crude Futures
Last session low and high for the October contract: 7254 – 7438.
WTI Crude Futures have been trading in a sideways channel for around 2 years, with consolidating monthly ranges. Resistance at 7360/7400 could lead to a downside target of 7220/7200, with further losses potentially testing the August low at 7100/7088.
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Short positions should have stops above 7445, while bulls need to push above 7490 to target resistance at 7560/90.
Overall, Gold, Silver, and WTI Crude Futures are presenting various opportunities for traders and investors. By understanding the current trends and key levels, you can make informed decisions to maximize your profits and manage risks effectively. Stay tuned for further updates and insights into these markets!