Analysis

Gold spot intraday: Key resistance at 1869.00

Gold spot: Key resistance at 1869.00


Stay on top of the markets with Swissquote’s News & Analysis


Pivot (invalidation): 1869.00

Our preference
Short positions below 1869.00 with targets at 1857.00 & 1852.00 in extension.

Alternative scenario
Above 1869.00 look for further upside with 1875.00 & 1884.00 as targets.

Comment
The RSI is mixed to bearish.

Silver spot: Caution

Pivot (invalidation): 24.1800

Our preference
Short positions below 24.1800 with targets at 23.8800 & 23.6200 in extension.

Alternative scenario
Above 24.1800 look for further upside with 24.4100 & 24.6200 as targets.

Comment
The RSI is mixed and calls for caution.

Crude Oil (WTI): Look for 42.65

Pivot (invalidation): 41.55

Our preference
Long positions above 41.55 with targets at 42.15 & 42.65 in extension.

Alternative scenario
Below 41.55 look for further downside with 41.25 & 40.80 as targets.

Comment
The RSI calls for a new upleg.

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.