Gold spot intraday: Turning up

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot: Turning up

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Pivot (invalidation): 1876.00

Our preference
Long positions above 1876.00 with targets at 1894.00 & 1900.00 in extension.

Alternative scenario
Below 1876.00 look for further downside with 1869.00 & 1862.00 as targets.

Comment
The RSI is bullish and calls for further upside.

Silver spot: Turning up

Pivot (invalidation): 26.1100

Our preference
Long positions above 26.1100 with targets at 26.7700 & 27.0000 in extension.

Alternative scenario
Below 26.1100 look for further downside with 25.9200 & 25.7400 as targets.

Comment
The RSI is bullish and calls for further advance.

Crude Oil (WTI): Rebound

Pivot (invalidation): 47.75

Our preference
Long positions above 47.75 with targets at 48.60 & 48.95 in extension.

Alternative scenario
Below 47.75 look for further downside with 47.50 & 47.20 as targets.

Comment
The RSI is mixed with a bullish bias.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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