Gold spot intraday: Key resistance at 1906.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Key resistance at 1906.00

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Pivot (invalidation): 1906.00

Our preference
Short positions below 1906.00 with targets at 1881.00 & 1872.00 in extension.

Alternative scenario
Above 1906.00 look for further upside with 1916.00 & 1925.00 as targets.

Comment
As Long as 1906.00 is resistance, look for choppy price action with a bearish bias.

Silver spot: Key resistance at 24.2000

Pivot (invalidation): 24.2000

Our preference
Short positions below 24.2000 with targets at 23.3700 & 23.1600 in extension.

Alternative scenario
Above 24.2000 look for further upside with 24.4900 & 24.8500 as targets.

Comment
As Long as 24.2000 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI): Further upside

Pivot (invalidation): 37.45

Our preference
Long positions above 37.45 with targets at 39.80 & 40.30 in extension.

Alternative scenario
Below 37.45 look for further downside with 36.55 & 35.80 as targets.

Comment
The RSI advocates for further advance.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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