Gold spot Intraday: Rebound expected
|Gold spot ($)
Rebound expected.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1296.00
Our preference
Long positions above 1296.00 with targets at 1302.00 & 1304.50 in extension.
Alternative
scenario Below 1296.00 look for further downside with 1293.00 & 1290.00 as targets.
Comment
The RSI calls for a rebound.
Silver spot ($)
Rebound.
Pivot (invalidation): 15.1800
Our preference
Long positions above 15.1800 with targets at 15.3700 & 15.4400 in extension.
Alternative scenario
Below 15.1800 look for further downside with 15.1000 & 15.0300 as targets.
Comment
The RSI calls for a rebound.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 58.25
Our preference
Long positions above 58.25 with targets at 58.75 & 59.20 in extension.
Alternative scenario
Below 58.25 look for further downside with 58.00 & 57.70 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.