Gold spot ($)

Towards 1517.50.




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



Pivot (invalidation): 1496.00

Our preference
Long positions above 1496.00 with targets at 1512.00 & 1517.50 in extension.

Alternative scenario
Below 1496.00 look for further downside with 1491.00 & 1486.00 as targets.

The RSI is mixed to bullish.


Silver spot ($)

Bullish bias above 17.6000.


Pivot (invalidation): 17.6000

Our preference
Long positions above 17.6000 with targets at 17.9900 & 18.1900 in extension.

Alternative scenario
Below 17.6000 look for further downside with 17.3800 & 17.2800 as targets.

The RSI is mixed with a bullish bias.


Crude Oil (WTI)

Consolidation in place.


Pivot (invalidation): 61.50

Our preference
Short positions below 61.50 with targets at 58.75 & 57.20 in extension.

Alternative scenario
Above 61.50 look for further upside with 63.25 & 64.25 as targets.

The RSI has just broken down its overbought area (70%).

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 Forex Analysis

Editors’ Picks

EUR/USD pressured around 1.13 after jump in US jobs

EUR/USD is trading around 1.13, down after US Non-Farm Payrolls shocked with a leap of 2.5 million jobs in May, contrary to all projections. The greenback is gaining while stocks are falling, a correlation breakdown. ECB stimulus previously supported the euro.


GBP/USD retreats from highs

GBP/USD is trading below 1.27, off the highs. The pound is struggling after Chief EU Negotiator Barnier reported little progress in Brexit talks. Robust US jobs support the dollar.


Gold sees weekly closing below $1700 - a caution for bulls

The steady decline in Gold prices (futures on Comex) accelerated on Friday, as the rates closed the week below the 1700 mark for the first time in three weeks at 1688.35. A weekly closing below the key 1700 level is unlikely to bode well for the bulls.

Gold News

Institutional demand exceeds Bitcoins supply

Greyscale floods the market with fresh money to satisfy the demand of its clients. Investors, willing to pay a 29% surcharge for exposure to Bitcoin without suffering the legal and operational inconveniences. Market remains at risk on the verge of new bullish territory.

Read more

WTI rallies above $39 as focus shifts to OPEC+ meeting

Crude oil prices built on Thursday's modest gains and rose sharply on Friday boosted by the upbeat market mood optimism surrounding Saturday's OPEC+ meeting. 

Oil News

Forex Majors