Gold spot Intraday: Expect 1437.50

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Expect 1437.50.

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Pivot (invalidation): 1416.00

Our preference
Long positions above 1416.00 with targets at 1428.00 & 1437.50 in extension.

Alternative scenario
Below 1416.00 look for further downside with 1410.00 & 1403.00 as targets.

Comment
The RSI shows upside momentum.

Silver spot ($)

Supported by a rising trend line.

Pivot (invalidation): 15.1500

Our preference
Long positions above 15.1500 with targets at 15.4200 & 15.5000 in extension.

Alternative scenario
Below 15.1500 look for further downside with 15.0700 & 15.0200 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

Further advance.

Pivot (invalidation): 59.75

Our preference
Long positions above 59.75 with targets at 61.10 & 61.95 in extension.

Alternative scenario
Below 59.75 look for further downside with 59.05 & 58.50 as targets.

Comment
The RSI shows upside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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