Gold spot ($) Intraday: Further advance

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further advance.

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Pivot (invalidation): 1214.50

Our preference
Long positions above 1214.50 with targets at 1228.50 & 1235.00 in extension.

Alternative scenario
Below 1214.50 look for further downside with 1205.50 & 1200.00 as targets.

Comment
The RSI is mixed to bullish.

Silver spot ($)

Further advance.

Pivot (invalidation): 14.4700

Our preference
Long positions above 14.4700 with targets at 14.6200 & 14.7100 in extension.

Alternative scenario
Below 14.4700 look for further downside with 14.3800 & 14.3100 as targets.

Comment
The RSI is mixed to bullish.

Crude Oil (WTI)

Under pressure.

Pivot (invalidation): 71.85

Our preference
Short positions below 71.85 with targets at 70.50 & 70.00 in extension.

Alternative scenario
Above 71.85 look for further upside with 72.60 & 73.30 as targets.

Comment
The RSI advocates for further decline.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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