Gold spot Intraday: Turning

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Turning

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Pivot (invalidation): 1315.00

Our preference
Short positions below 1315.00 with targets at 1308.00 & 1305.00 in extension.

Alternative scenario
Above 1315.00 look for further upside with 1317.00 & 1319.00 as targets.

Comment
The RSI shows downside momentum.

Silver spot ($)

Turning down.

Pivot (invalidation): 15.8400

Our preference
Short positions below 15.8400 with targets at 15.6800 & 15.6200 in extension.

Alternative scenario
Above 15.8400 look for further upside with 15.9000 & 15.9900 as targets.

Comment
The RSI shows downside momentum.

Crude Oil (WTI)

Turning down.

Pivot (invalidation): 52.60

Our preference
Short positions below 52.60 with targets at 51.70 & 51.30 in extension.

Alternative scenario
Above 52.60 look for further upside with 53.00 & 53.40 as targets.

Comment
The RSI shows downside momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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