Gold Spot ($) Intraday: key resistance at 1513.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Key resistance at 1513.00.

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Pivot (invalidation): 1513.00

Our preference
Short positions below 1513.00 with targets at 1503.00 & 1500.00 in extension.

Alternative scenario
Above 1513.00 look for further upside with 1517.50 & 1521.50 as targets.

Comment
The RSI is above its neutrality area at 50%.

Silver spot ($)

The downside prevails.

Pivot (invalidation): 18.1300

Our preference
Short positions below 18.1300 with targets at 17.8000 & 17.7200 in extension.

Alternative scenario
Above 18.1300 look for further upside with 18.2300 & 18.3400 as targets.

Comment
The RSI calls for a new downleg.

Crude Oil (WTI)

Watch 55.60.

Pivot (invalidation): 57.10

Our preference
Short positions below 57.10 with targets at 56.00 & 55.60 in extension.

Alternative scenario
Above 57.10 look for further upside with 57.40 & 57.70 as targets.

Comment
A break below 56.00 would trigger a drop towards 55.60.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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