Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
The upside prevails.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1246.00
Our preference
Long positions above 1246.00 with targets at 1256.00 & 1258.50 in extension.
Alternative scenario
Below 1246.00 look for further downside with 1242.50 & 1240.00 as targets.
Comment
The RSI is bullish and calls for further upside.
Silver spot ($)
Rebound expected.
Pivot (invalidation): 14.5800
Our preference
Long positions above 14.5800 with targets at 14.7500 & 14.8000 in extension.
Alternative scenario
Below 14.5800 look for further downside with 14.5200 & 14.4700 as targets.
Comment
A support base at 14.5800 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI)
Under pressure.
Pivot (invalidation): 47.60
Our preference
Short positions below 47.60 with targets at 44.60 & 43.85 in extension.
Alternative scenario
Above 47.60 look for further upside with 48.30 & 49.30 as targets.
Comment
The RSI is bearish and calls for further downside.
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.
Recommended Content
Editors’ Picks
EUR/USD trades with negative bias, holds above 1.0700 as traders await US PCE Price Index
EUR/USD edges lower during the Asian session on Friday and moves away from a two-week high, around the 1.0740 area touched the previous day. Spot prices trade around the 1.0725-1.0720 region and remain at the mercy of the US Dollar price dynamics ahead of the crucial US data.
USD/JPY jumps above 156.00 on BoJ's steady policy
USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 core inflation forecasts, disappointing the Japanese Yen buyers.
Gold price flatlines as traders look to US PCE Price Index for some meaningful impetus
Gold price lacks any firm intraday direction and is influenced by a combination of diverging forces. The weaker US GDP print and a rise in US inflation benefit the metal amid subdued USD demand. Hawkish Fed expectations cap the upside as traders await the release of the US PCE Price Index.
Sei Price Prediction: SEI is in the zone of interest after a 10% leap
Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.