Gold spot ($)

The bias remains bullish.

GOLD

 


 

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

 


Pivot (invalidation): 1417.00

Our preference
Long positions above 1417.00 with targets at 1430.00 & 1434.00 in extension.

Alternative scenario
Below 1417.00 look for further downside with 1410.00 & 1406.00 as targets.

Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

Silver spot ($)

The upside prevails.

SILVER

 

Pivot (invalidation): 15.9000

Our preference
Long positions above 15.9000 with targets at 16.2400 & 16.3600 in extension.

Alternative scenario
Below 15.9000 look for further downside with 15.8000 & 15.6500 as targets.

Comment
The RSI shows upside momentum.

 

Crude Oil (WTI)

OIL

 

Key resistance at 57.15.

Pivot (invalidation): 57.15

Our preference
Short positions below 57.15 with targets at 56.20 & 55.85 in extension.

Alternative scenario
Above 57.15 look for further upside with 57.60 & 58.20 as targets.

Comment
As Long as the resistance at 57.15 is not surpassed, the risk of the break below 56.20 remains high.

This report has been prepared by AC Markets 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 AC Markets personnel at any given time. ACM 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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD surges above 1.1100 as Trump announces steps against China

EUR/USD is trading above 1.1100, up on the day. President Trump said he orders companies to search Chinese imports for drugs. Earlier he criticized Powell's lack of action. 

EUR/USD News

GBP/USD jumps above 1.2250 on USD weakness

GBP/USD is trading close to the monthly highs above 1.2250 as the US dollar falls following Powell's hint of cutting rates and Trump's angry response. 

GBP/USD News

USD/JPY plummets to ten-day lows below 106 as Trump goes berserk on Twitter

The USD/JPY came under strong selling pressure in the last hour and erased nearly 100 pips as US President Donald Trump's latest rant on Twitter forced investors to seek refuge and ramped up the demand for safe-haven JPY. 

USD/JPY News

Powell powerless against Trump's trade wars – US braces for recession, USD set to move

"The most powerful central banker in the world" – is how we and others characterize Fed Chair Jerome Powell. While that may be true – monetary policy is reaching its limits – especially in the face of a trade war.

Read more

Gold gains more than $30, eyes 2019 highs on Trump’s tweet

Gold continues to rise sharply amid concerns about the impact of the escalation in the US-China trade war. The demand for safe-haven assets emerged over the last hours, leading to a rally in the yellow metal. 

Gold News

Majors

Cryptocurrencies

Signatures