Gold spot: Intraday support around 1951.00




Stay on top of the markets with Swissquote’s News & Analysis


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.

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.

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.

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.

Feed news

Latest Forex Analysis

Latest Forex Analysis

Editors’ Picks

EUR/USD rises above 1.2150 amid upbeat German data

EUR/USD has been rising above 1.2150 after the German ZEW Economic Sentiment gauge beat expectations with 84.4 points. Earlier, concerns about inflation boosted the dollar. 


GBP/USD trades off the highs amid risk-off mood, ahead of Bailey

GBP/USD is trading above 1.41 but off the fresh highs. The safe-haven dollar is gaining ground amid fears of inflation. UK PM Johnson's announcement of additional easing of restrictions boosted the pound on Monday. BOE Governor Andrew Bailey is set to speak later on.


200-DMA might cap XAU/USD ahead of US CPI on Wednesday

Gold refreshed multi-month tops on Monday, albeit lacked any strong follow-through buying. A modest USD rebound held bulls from placing fresh bets and kept a lid on any further gains.

Gold News

SHIB price skyrockets as Binance Lists Dogecoin rival Shiba Inu

“DOGE killer” Shiba Inu coin has reached a new all-time high as it rides on bullish momentum from recent crypto exchange listings. SHIB price has climbed by over 2,260% in the past week, as many investors missed out on the Dogecoin pump.

More Crypto News

Nasdaq (NDX QQQ) Technical view, key chart levels, Nasdaq tests trendline support

The Nasdaq is trading nicely from resistance to support. Friday's rally stalled at the convergence of the 9 and 21-day resistance. Monday sees the resistance work well and so the Nasdaq sells off and currently finds support at the lower trendline seen in the chart below.

Read more