Gold spot intraday: Expect 1897.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($): Expect 1897.00

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Pivot (invalidation): 1926.00

Our preference
Short positions below 1926.00 with targets at 1904.00 & 1897.00 in extension.

Alternative scenario
Above 1926.00 look for further upside with 1931.00 & 1939.00 as targets.

Comment
The RSI is bearish and calls for further decline.

Silver spot ($): Key resistance at 25.0700

Pivot (invalidation): 25.0700

Our preference
Short positions below 25.0700 with targets at 24.5600 & 24.3300 in extension.

Alternative scenario
Above 25.0700 look for further upside with 25.2800 & 25.4500 as targets.

Comment
As Long as the resistance at 25.0700 is not surpassed, the risk of the break below 24.5600 remains high.

Crude Oil (WTI): The downside prevails

Pivot (invalidation): 40.15

Our preference
Short positions below 40.15 with targets at 39.55 & 39.35 in extension.

Alternative scenario
Above 40.15 look for further upside with 40.45 & 40.80 as targets.

Comment
A break below 39.55 would trigger a drop towards 39.35.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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