Gold spot intraday: The downside prevails
|Gold spot: The downside prevails
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1809.00
Our preference
Short positions below 1809.00 with targets at 1788.00 & 1780.00 in extension.
Alternative scenario
Above 1809.00 look for further upside with 1813.00 & 1818.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver spot: Break of a ST rising trendline support
Pivot (invalidation): 19.2300
Our preference
Short positions below 19.2300 with targets at 18.8100 & 18.6300 in extension.
Alternative scenario
Above 19.2300 look for further upside with 19.3700 & 19.4800 as targets.
Comment
The RSI is bearish and calls for further downside.
Crude Oil (WTI): Expect 38.00
Pivot (invalidation): 39.90
Our preference
Short positions below 39.90 with targets at 38.55 & 38.00 in extension.
Alternative scenario
Above 39.90 look for further upside with 40.30 & 40.70 as targets.
Comment
The RSI has broken down its 30 level.
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.