Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($): Under pressure
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Pivot (invalidation): 1910.00
Our preference
Short positions below 1910.00 with targets at 1882.00 & 1872.00 in extension.
Alternative scenario
Above 1910.00 look for further upside with 1920.00 & 1927.00 as targets.
Comment
The RSI is bearish and calls for further downside.
Silver spot ($): The downside prevails
Pivot (invalidation): 24.5000
Our preference
Short positions below 24.5000 with targets at 23.6500 & 23.2500 in extension.
Alternative scenario
Above 24.5000 look for further upside with 24.7500 & 25.0000 as targets.
Comment
The RSI advocates for further downside.
Crude Oil (WTI): Target 38.50
Pivot (invalidation): 40.00
Our preference
Short positions below 40.00 with targets at 38.85 & 38.50 in extension.
Alternative scenario
Above 40.00 look for further upside with 40.25 & 40.55 as targets.
Comment
The RSI calls for a new downleg.
This report has been prepared by Swissquote Bank Ltd 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 Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd 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.
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