Gold Spot ($) Intraday: under pressure

Swissquote Bank Research Team Swissquote Bank Ltd

Gold Spot ($)

Under pressure.

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Pivot (invalidation): 1465.50

Our preference
Short positions below 1465.50 with targets at 1458.50 & 1454.00 in extension.

Alternative scenario
Above 1465.50 look for further upside with 1468.00 & 1471.00 as targets.

Comment
The RSI is mixed with a bearish bias.

Silver Spot ($)

Under pressure.

Pivot (invalidation): 16.6800

Our preference
Short positions below 16.6800 with targets at 16.5000 & 16.4100 in extension.

Alternative scenario
Above 16.6800 look for further upside with 16.7800 & 16.8700 as targets.

Comment
The RSI lacks upward momentum.

Crude Oil (WTI)

Rebound expected.

Pivot (invalidation): 58.55

Our preference
Long positions above 58.55 with targets at 59.50 & 59.85 in extension.

Alternative scenario
Below 58.55 look for further downside with 58.25 & 57.70 as targets.

Comment
The RSI is mixed to bullish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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