Gold spot intraday: The bias remains bullish

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: The bias remains bullish

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Pivot (invalidation): 1765.50

Our preference
Long positions above 1765.50 with targets at 1776.00 & 1779.00 in extension.

Alternative scenario
Below 1765.50 look for further downside with 1758.00 & 1755.00 as targets.

Comment
The RSI is mixed to bullish.

Silver spot: Expect 18.0700

Pivot (invalidation): 17.7500

Our preference
Long positions above 17.7500 with targets at 17.9700 & 18.0700 in extension.

Alternative scenario
Below 17.7500 look for further downside with 17.6700 & 17.5500 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI): Bullish bias above 38.80

Pivot (invalidation): 38.80

Our preference
Long positions above 38.80 with targets at 39.90 & 40.50 in extension.

Alternative scenario
Below 38.80 look for further downside with 38.20 & 37.60 as targets.

Comment
The RSI has just landed on its neutrality area at 50% and is turning up.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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