Gold Spot ($) Intraday: expect 1477.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold Spot ($)

Expect 1477.00.

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Pivot (invalidation): 1487.50

Our preference
Short positions below 1487.50 with targets at 1480.50 & 1477.00 in extension.

Alternative scenario
Above 1487.50 look for further upside with 1490.50 & 1494.00 as targets.

Comment
As Long as the resistance at 1487.50 is not surpassed, the risk of the break below 1480.50 remains high.

Silver Spot ($)

Target 17.3800.

Pivot (invalidation): 17.6500

Our preference
Short positions below 17.6500 with targets at 17.4700 & 17.3800 in extension.

Alternative scenario
Above 17.6500 look for further upside with 17.7700 & 17.8700 as targets.

Comment
The RSI lacks upward momentum.

Crude Oil (WTI)

Key resistance at 53.60.

Pivot (invalidation): 53.60

Our preference
Short positions below 53.60 with targets at 53.20 & 53.00 in extension.

Alternative scenario
Above 53.60 look for further upside with 54.00 & 54.25 as targets.

Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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