Gold Spot Levels: Key resistance at 1176.00

Swissquote Bank Research Team Swissquote Bank Ltd

Gold spot ($)

Key resistance at 1176.00.

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Pivot (invalidation): 1176.00

Our preference
Short positions below 1176.00 with targets at 1166.50 & 1160.00 in extension.

Alternative scenario
Above 1176.00 look for further upside with 1184.00 & 1189.00 as targets.

Comment
The RSI is mixed to bearish.

Silver spot ($)

Under pressure.

Pivot (invalidation): 14.7000

Our preference
Short positions below 14.7000 with targets at 14.2700 & 14.0000 in extension.

Alternative scenario
Above 14.7000 look for further upside with 14.9600 & 15.1000 as targets.

Comment
The RSI is mixed to bearish.

Crude Oil (WTI)

Towards 63.60.

Pivot (invalidation): 65.45

Our preference
Short positions below 65.45 with targets at 64.30 & 63.60 in extension.

Alternative scenario
Above 65.45 look for further upside with 66.00 & 66.55 as targets.

Comment
The RSI is mixed to bearish.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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