Gold spot Intraday: The upside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

The upside prevails.

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Pivot (invalidation): 1393.00

Our preference
Long positions above 1393.00 with targets at 1419.00 & 1430.00 in extension.

Alternative scenario
Below 1393.00 look for further downside with 1382.50 & 1377.00 as targets.

Comment
The RSI shows upside momentum.

Silver spot ($)

Further upside.

Pivot (invalidation): 15.2200

Our preference
Long positions above 15.2200 with targets at 15.5500 & 15.6600 in extension.

Alternative scenario
Below 15.2200 look for further downside with 15.1200 & 15.0500 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI)

59.20 in sight.

Pivot (invalidation): 57.05

Our preference
Long positions above 57.05 with targets at 58.50 & 59.20 in extension.

Alternative scenario
Below 57.05 look for further downside with 56.60 & 56.10 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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