Gold spot ($)

1289.25 expected.



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


Pivot (invalidation): 1299.50

Our preference
Short positions below 1299.50 with targets at 1293.25 & 1289.25 in extension.

Alternative scenario
Above 1299.50 look for further upside with 1303.00 & 1306.00 as targets.

The RSI calls for a new downleg.


Silver spot ($)

Bullish bias above 14.7100.


Pivot (invalidation): 14.7100

Our preference
Long positions above 14.7100 with targets at 14.8600 & 14.9000 in extension.

Alternative scenario
Below 14.7100 look for further downside with 14.6700 & 14.6000 as targets.

A support base at 14.7100 has formed and has allowed for a temporary stabilisation.


Crude Oil (WTI)

60.65 expected.


Pivot (invalidation): 61.75

Our preference
Short positions below 61.75 with targets at 61.15 & 60.65 in extension.

Alternative scenario
Above 61.75 look for further upside with 62.10 & 62.65 as targets.

The RSI has just struck against its neutrality area at 50% and is reversing down. The 20-period moving average is about to cross below the 50-period moving average.

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 consolidates around 1.1150 amid mixed trade headlines

EUR/USD is trading around 1.1150, consolidating previous gains. President Trump has expressed optimism about clinching a deal with China, while some officials have cast doubts. Brexit headlines are set to impact the euro as well.


GBP/USD hovers below 1.30 ahead of critical vote on the Brexit deal

GBP/USD is trading just below 1.30 as parliament is set to debate and vote on UK PM Johnson's Brexit deal. The vote on the program to complete the process quickly is also critical. 


USD/JPY holds steady above mid-108.00s

The USD/JPY pair failed to capitalize on the early uptick to multi-day tops and is currently placed at the lower end of its daily trading range, just above mid-108.00s.


Brexit drama does not deter the pound

Despite an unending series of Parliamentary setbacks for Prime Minister Boris Johnson’s attempt to clinch the UK exit from the European Union, Sterling has retained almost all of its gains of the past ten days, suggesting that his Brexit deal will eventually be approved.

Read more

Gold: Choppy inside monthly trendline, 200-bar SMA

Gold’s repeated failures to cross 200-bar Simple Moving Average (SMA) fails to portray the yellow metal’s weakness as the monthly trend line limits its downside. The Bullion presently tests the support line while flashing $1,483.55.

Gold News

Forex Majors