Gold spot ($)

The bias remains bullish.

Gold

 


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


Pivot (invalidation): 1530.00

Our preference
Long positions above 1530.00 with targets at 1555.00 & 1569.00 in extension.

Alternative scenario
Below 1530.00 look for further downside with 1517.00 & 1508.00 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

Silver spot ($)

The bias remains bullish.

Silver

 

Pivot (invalidation): 17.4700

Our preference
Long positions above 17.4700 with targets at 17.7700 & 17.9300 in extension.

Alternative scenario
Below 17.4700 look for further downside with 17.3300 & 17.2000 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

Crude Oil (WTI)

Key resistance at 53.85.

Crude Oil

 

Pivot (invalidation): 53.85

Our preference
Short positions below 53.85 with targets at 53.00 & 52.30 in extension.

Alternative scenario
Above 53.85 look for further upside with 54.30 & 54.75 as targets.

Comment
The upward potential is likely to be limited by the resistance at 53.85.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD flirts with 34-month lows amid after poor German figures, amid coronavirus fears

EUR/USD is trading just above 1.0820, the lowest since 2017, as the coronavirus outbreak is taking its economic toll on Apple among others. The German ZEW Economic Sentiment missed expectations with 8.7 points.

EUR/USD News

GBP/USD remains depressed below 1.30 as UK jobs figures miss expectations

GBP/USD is trading below 1.30 after UK wages decelerated to 2.9% yearly in December, worse than expected. Brexit concerns are also weighing and coronavirus headlines are eyed.

GBP/USD News

Forex Today: Coronavirus takes a bite from the apple, Gold gains, Bitcoin bounces

The coronavirus outbreak's economic impact is growing as Apple, the iPhone maker has issued a warning that it is unable to meet its guidance due to production and issues and closed stores in China. The tech giant's announcement has been weighing on the market mood, pushing gold and the yen higher. 

Read more

Gold: Positive beyond six-week-old falling trendline

Gold prices take the bids above $1585, +0.35%, during the pre-European trading on Tuesday. The yellow metal recently broke a downward sloping trend line stretched from January 08. Early-month top on the buyer’s radar.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors

Cryptocurrencies

Signatures