Gold spot Intraday: Target 1218.50

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Target 1218.50.

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Pivot (invalidation): 1229.00

Our preference
Short positions below 1229.00 with targets at 1223.00 & 1218.50 in extension.

Alternative scenario
Above 1229.00 look for further upside with 1233.00 & 1236.50 as targets.

Comment
A break below 1223.00 would trigger a drop towards 1218.50.

Silver spot ($)

Under pressure.

Pivot (invalidation): 14.6500

Our preference
Short positions below 14.6500 with targets at 14.4600 & 14.3700 in extension.

Alternative scenario
Above 14.6500 look for further upside with 14.7100 & 14.8000 as targets.

Comment
The RSI lacks upward momentum.

Crude Oil (WTI)

Under pressure.

Pivot (invalidation): 62.10

Our preference
Short positions below 62.10 with targets at 61.20 & 60.75 in extension.

Alternative scenario
Above 62.10 look for further upside with 62.50 & 63.20 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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