Gold spot: The downside prevails

XAUUSD


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


Pivot (invalidation): 1820.00

Our preference
Short positions below 1820.00 with targets at 1791.00 & 1780.00 in extension.

Alternative scenario
Above 1820.00 look for further upside with 1831.00 & 1841.00 as targets.

Comment
The RSI calls for a new downleg.

Silver spot: Towards 22.7800

XAGUSD

Pivot (invalidation): 23.5200

Our preference
Short positions below 23.5200 with targets at 22.9100 & 22.7800 in extension.

Alternative scenario
Above 23.5200 look for further upside with 23.7200 & 23.9000 as targets.

Comment
As Long as the resistance at 23.5200 is not surpassed, the risk of the break below 22.9100 remains high.

Crude Oil (WTI): The upside prevails

Crude Oil

Pivot (invalidation): 44.70

Our preference
Long positions above 44.70 with targets at 46.00 & 46.60 in extension.

Alternative scenario
Below 44.70 look for further downside with 44.20 & 43.60 as targets.

Comment
The RSI is bullish and calls for further upside.

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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Analysis


Latest Forex Analysis

Editors’ Picks

EUR/USD hits fresh one-month low amid souring market mood

EUR/USD has been extending its falls and dips below 1.21 as US retail sales badly disappointed and the worsening mood is supporting the safe-haven dollar. Markets digest Biden's stimulus plan. US Consumer Sentiment declined to 59.2 points. 

EUR/USD News

GBP/USD retreats toward 1.36 amid fresh dollar strength

GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown. 

GBP/USD News

Gold extends sideways grind near $1,850

The XAU/USD pair registered small daily gains on Thursday but struggled to extend its recovery amid a lack of significant fundamental drivers on Friday. As of writing, the pair was up 0.15% on a daily basis at $1,849.

Gold news

Forex Today: Markets “sell the fact” on Biden's stimulus, dollar rises, retail sales eyed

Markets are on the back foot after Biden hinted about tax hikes while introducing stimulus. The safe-haven dollar is edging higher despite Powell's pledge to keep monetary policy accommodative. 

Read more

DXY breaks above key downtrend, eyes move above 91.00

USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD pairs have seen significant weakness, aside from CHF/USD and JPY/USD, given that the two currencies are also considered “safe havens”.

US Dollar Index News

Forex Majors

Cryptocurrencies

Signatures