Gold Spot ($) Intraday: Under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Under pressure.

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Pivot (invalidation): 1295.00

Our preference
Short positions below 1295.00 with targets at 1289.50 & 1286.50 in extension.

Alternative scenario
Above 1295.00 look for further upside with 1300.00 & 1303.50 as targets.

Comment
The RSI is mixed to bearish.

Silver spot ($)

14.8000 expected.

Pivot (invalidation): 15.0000

Our preference
Short positions below 15.0000 with targets at 14.8800 & 14.8000 in extension.

Alternative scenario
Above 15.0000 look for further upside with 15.0800 & 15.1500 as targets.

Comment
Technically the RSI is below its neutrality area at 50.

Crude Oil (WTI)

Capped by a negative trend line.

Pivot (invalidation): 64.00

Our preference
Short positions below 64.00 with targets at 63.30 & 63.15 in extension.

Alternative scenario
Above 64.00 look for further upside with 64.30 & 64.65 as targets.

Comment
As Long as the resistance at 64.00 is not surpassed, the risk of the break below 63.30 remains high.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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