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 surges above 1.1100 as Trump announces steps against China

EUR/USD is trading above 1.1100, up on the day. President Trump said he orders companies to search Chinese imports for drugs. Earlier he criticized Powell's lack of action. 


GBP/USD jumps above 1.2250 on USD weakness

GBP/USD is trading close to the monthly highs above 1.2250 as the US dollar falls following Powell's hint of cutting rates and Trump's angry response. 


USD/JPY plummets to ten-day lows below 106 as Trump goes berserk on Twitter

The USD/JPY came under strong selling pressure in the last hour and erased nearly 100 pips as US President Donald Trump's latest rant on Twitter forced investors to seek refuge and ramped up the demand for safe-haven JPY. 


Powell powerless against Trump's trade wars – US braces for recession, USD set to move

"The most powerful central banker in the world" – is how we and others characterize Fed Chair Jerome Powell. While that may be true – monetary policy is reaching its limits – especially in the face of a trade war.

Read more

Gold gains more than $30, eyes 2019 highs on Trump’s tweet

Gold continues to rise sharply amid concerns about the impact of the escalation in the US-China trade war. The demand for safe-haven assets emerged over the last hours, leading to a rally in the yellow metal. 

Gold News