Gold spot Intraday: Key resistance at 1435.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Key resistance at 1435.00.

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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.

Comment
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.

Comment
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.

Comment
The RSI calls for a rebound.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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