Gold spot Intraday: Expect 1517.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Expect 1517.00

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Pivot (invalidation): 1495.00

Our preference
Long positions above 1495.00 with targets at 1510.00 & 1517.00 in extension.

Alternative scenario
Below 1495.00 look for further downside with 1489.00 & 1481.00 as targets.

Comment
The RSI is mixed to bullish.

Silver spot ($)

Further advance

Pivot (invalidation): 16.8900

Our preference
Long positions above 16.8900 with targets at 17.2100 & 17.3200 in extension.

Alternative scenario
Below 16.8900 look for further downside with 16.7800 & 16.6600 as targets.

Comment
The RSI is bullish and calls for further upside.

Crude Oil (WTI)

The bias remains bullish

Pivot (invalidation): 52.25

Our preference
Long positions above 52.25 with targets at 53.15 & 53.75 in extension.

Alternative scenario
Below 52.25 look for further downside with 51.70 & 51.25 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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