Gold spot: Intraday support around 1951.00

XAUUSD

 


 

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Pivot (invalidation): 1951.00

Our preference
Long positions above 1951.00 with targets at 1981.00 & 1993.00 in extension.

Alternative scenario
Below 1951.00 look for further downside with 1941.00 & 1931.00 as targets.

Comment
The RSI is mixed with a bullish bias.

 

Silver spot: Intraday support around 23.9000

XAGUSD

Pivot (invalidation): 23.9000

Our preference
Long positions above 23.9000 with targets at 24.6500 & 24.9300 in extension.

Alternative scenario
Below 23.9000 look for further downside with 23.5500 & 23.2700 as targets.

Comment
Intraday technical indicators lack momentum.

 

Crude Oil (WTI): Choppy

Crude Oil

Pivot (invalidation): 41.50

Our preference
Short positions below 41.50 with targets at 41.10 & 40.85 in extension.

Alternative scenario
Above 41.50 look for further upside with 41.70 & 41.90 as targets.

Comment
As Long as 41.50 is resistance, look for choppy price action with a bearish bias.

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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