Gold Spot Intraday: Further upside

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Further upside.

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Pivot (invalidation): 1205.00

Our preference
Long positions above 1205.00 with targets at 1215.00 & 1220.00 in extension.

Alternative scenario
Below 1205.00 look for further downside with 1198.50 & 1196.00 as targets.

Comment
The RSI advocates for further upside.

Silver spot ($)

Further upside.

Pivot (invalidation): 14.0000

Our preference
Long positions above 14.0000 with targets at 14.2100 & 14.3200 in extension.

Alternative scenario
Below 14.0000 look for further downside with 13.9400 & 13.8700 as targets.

Comment
The RSI advocates for further advance.

Crude Oil (WTI)

The bias remains bullish.

Pivot (invalidation): 55.50

Our preference
Long positions above 55.50 with targets at 56.50 & 57.35 in extension.

Alternative scenario
Below 55.50 look for further downside with 54.75 & 53.95 as targets.

Comment
The next resistances are at 56.50 and then at 57.35.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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