Gold spot intraday: Support around 1951.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Intraday support around 1951.00

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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

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

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.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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