Gold spot: Key resistance at 1885.00
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Pivot (invalidation): 1885.00
Our preference
Short positions below 1885.00 with targets at 1869.00 & 1864.00 in extension.
Alternative scenario
Above 1885.00 look for further upside with 1891.00 & 1899.00 as targets.
Comment
As Long as the resistance at 1885.00 is not surpassed, the risk of the break below 1869.00 remains high.
Silver spot: Key resistance at 23.6400
Pivot (invalidation): 23.6400
Our preference
Short positions below 23.6400 with targets at 23.0000 & 22.7300 in extension.
Alternative scenario
Above 23.6400 look for further upside with 23.8100 & 24.0700 as targets.
Comment
The immediate trend remains down but the momentum is weak.
Crude Oil (WTI): Expect 36.30
Pivot (invalidation): 38.00
Our preference
Short positions below 38.00 with targets at 36.95 & 36.30 in extension.
Alternative scenario
Above 38.00 look for further upside with 38.30 & 38.80 as targets.
Comment
The RSI has just struck against its neutrality area at 50% and is reversing down.
This report has been prepared by Swissquote Bank Ltd 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 Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd 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.
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