Gold spot ($)

Key resistance at 1435.00.




Stay on top of the markets with Swissquote’s News & Analysis


Pivot (invalidation): 1435.00

Our preference
Short positions below 1435.00 with targets at 1420.00 & 1415.00 in extension.

Alternative scenario
Above 1435.00 look for further upside with 1441.00 & 1447.00 as targets.

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.


Silver spot ($)

Turning up.



Pivot (invalidation): 16.1500

Our preference
Long positions above 16.1500 with targets at 16.5100 & 16.7300 in extension.

Alternative scenario
Below 16.1500 look for further downside with 16.0400 & 15.9400 as targets.

The RSI is bullish and calls for further upside.


Crude Oil (WTI)

Target 57.30.



Pivot (invalidation): 55.50

Our preference
Long positions above 55.50 with targets at 56.80 & 57.30 in extension.

Alternative scenario
Below 55.50 look for further downside with 55.00 & 54.70 as targets.

The RSI calls for a rebound.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: Adds 8 pips in Asia, remains trapped in a bear flag

EUR/USD picked up a bid at 1.1084 at 00:00 GMT and rose to 1.1092 a few minutes before press time. As of writing, the currency pair is trading at 1.1089. The buyers failed to keep the pair above 1.11 for the third straight day on Wednesday.


GBP/USD: Struggles between 10/21-DMA amid bullish MACD

Despite reversing from the 21-day simple moving average (DMA), GBP/USD remains above 10-DMA as it trades near 1.2134 during Asian session on Thursday. Supporting the pair’s upside is a bullish signal by 12-bar MACD.


USD/JPY: Weaker below 106.50, focus on T-yields ahead of Powell

USD/JPY trades weaker below the 106.50 level, tracking the negative S&P 500 futures and a cautious sentiment on the Asian equities, as attention shifts from the FOMC minutes to the Fed's Powell speech for fresh direction. 


USD/CNH: Rallies, confirms falling channel breakout

Another wave of CNH selling could soon hit the market as the pair technical charts are reporting a bullish breakout. For instance, the pair has jumped 0.22% to levels above 7.08 today, confirming an upside break of the falling channel on the 4H chart.

Read more

Gold: Trapped in a symmetrical triangle

Gold is trapped in a narrowing price or a symmetrical triangle pattern, according to the 4-hour chart. The yellow metal rose to a six-year high of $1,353 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.

Gold News