Gold spot ($)

Bullish bias above 1603.00.

Gold

 


 

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

 


 

Pivot (invalidation): 1603.00

Our preference
Long positions above 1603.00 with targets at 1643.00 & 1668.00 in extension.

Alternative scenario
Below 1603.00 look for further downside with 1585.00 & 1558.00 as targets.

Comment
The RSI is above its neutrality area at 50%.

 

Silver spot ($)

Bullish bias above 14.0400.

Silver

Pivot (invalidation): 14.0400

Our preference
Long positions above 14.0400 with targets at 14.7000 & 14.9000 in extension.

Alternative scenario
Below 14.0400 look for further downside with 13.7700 & 13.4500 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Crude Oil (WTI)

The bias remains bullish.

Crude Oil

Pivot (invalidation): 23.50

Our preference
Long positions above 23.50 with targets at 26.25 & 27.20 in extension.

Alternative scenario
Below 23.50 look for further downside with 22.60 & 21.75 as targets.

Comment
The RSI is mixed to bullish.

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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

AUD/USD holds higher ground above 0.7300

AUD/USD extends gains above 0.7300 amid fresh US dollar selling across the board, as the market sentiment remains mixed starting out a fresh week.  PBOC's status-quo and the rally in copper prices bode well for the aussie. 

AUD/USD News

USD/JPY extends losses below 104.50 amid risk-aversion

USD/JPY resumes its decline towards 104.00 amid risk-off action in the Asian equities and broad dollar weakness. Markets in Tokyo are off for Respect-for-the-Aged Day, Focus shifts to the Fed Chair Powell's speech. 

USD/JPY News

Gold due for a breakout, according to key indicator

Gold's multi-week consolidation in a narrowing price range could end with a bullish breakout, as a widely-tracked daily chart indicator is about to turn bullish. The yellow metal has carved out a descending triangle pattern over the past four weeks.

Gold News

The week ahead: Central bankers’ chance to explain themselves

Global equities took another hit at the end of last week, and as we start a fresh week there is some concern that volatility could be creeping back into the markets and that tech has lost some of its lustre, along with gold, which also ended the week lower. 

Read more

WTI buyers attack $41.00 amid US-Iran tension, escalating virus woes

WTI remains heavy below 50-day SMA, drops from $41.18 to begin the week. The energy benchmark keeps trailing 50-day SMA for over two weeks while taking clues from the US-Iran tussle and the coronavirus (COVID-19) headlines. Hopes of further stimulus, China’s optimism favor energy bulls.

Oil News

Forex Majors

Cryptocurrencies

Signatures