Gold spot intraday: Key resistance at 1885.00
|Gold spot: Key resistance at 1885.00
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1885.00
Our preference
Short positions below 1885.00 with targets at 1869.00 & 1864.00 in extension.
Alternative scenario
Above 1885.00 look for further upside with 1891.00 & 1899.00 as targets.
Comment
As Long as the resistance at 1885.00 is not surpassed, the risk of the break below 1869.00 remains high.
Silver spot: Key resistance at 23.6400
Pivot (invalidation): 23.6400
Our preference
Short positions below 23.6400 with targets at 23.0000 & 22.7300 in extension.
Alternative scenario
Above 23.6400 look for further upside with 23.8100 & 24.0700 as targets.
Comment
The immediate trend remains down but the momentum is weak.
Crude Oil (WTI): Expect 36.30
Pivot (invalidation): 38.00
Our preference
Short positions below 38.00 with targets at 36.95 & 36.30 in extension.
Alternative scenario
Above 38.00 look for further upside with 38.30 & 38.80 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.
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.