Gold spot Intraday: key resistance at 1513.00
|Gold spot ($)
Key resistance at 1513.00
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1513.00
Our preference
Short positions below 1513.00 with targets at 1502.00 & 1493.00 in extension.
Alternative scenario
Above 1513.00 look for further upside with 1519.00 & 1528.00 as targets.
Comment
As Long as the resistance at 1513.00 is not surpassed, the risk of the break below 1502.00 remains high.
Silver spot ($)
Under pressure
Pivot (invalidation): 18.3100
Our preference
Short positions below 18.3100 with targets at 17.7100 & 17.5200 in extension.
Alternative scenario
Above 18.3100 look for further upside with 18.5600 & 18.7800 as targets.
Comment
The RSI is bearish and calls for further decline.
Crude Oil (WTI)
Aim @ 58.10
Pivot (invalidation): 56.40
Our preference
Long positions above 56.40 with targets at 57.75 & 58.10 in extension.
Alternative scenario
Below 56.40 look for further downside with 56.00 & 55.60 as targets.
Comment
The RSI is bullish and calls for further upside.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.