Gold spot ($)

Key resistance at 1279.00.



Stay on top of the markets with Swissquote’s News & Analysis


Pivot (invalidation): 1279.00

Our preference
Short positions below 1279.00 with targets at 1273.50 & 1270.50 in extension.

Alternative scenario
Above 1279.00 look for further upside with 1282.00 & 1284.50 as targets.

A break below 1273.50 would trigger a drop towards 1270.50.


Silver spot ($)

14.3100 expected.


Pivot (invalidation): 14.5000

Our preference
Short positions below 14.5000 with targets at 14.3600 & 14.3100 in extension.

Alternative scenario
Above 14.5000 look for further upside with 14.5700 & 14.6100 as targets.

As Long as 14.5000 is resistance, expect a return to 14.3600.


Crude Oil (WTI)

64.30 expected.


Pivot (invalidation): 62.80

Our preference
Long positions above 62.80 with targets at 63.95 & 64.30 in extension.

Alternative scenario
Below 62.80 look for further downside with 62.45 & 62.15 as targets.

The RSI is bullish and calls for further upside.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD extends its gains toward 1.1300 after the dovish Fed decision

EUR/USD has extended its gains after the Fed opened the door to cutting interest rates, stating that uncertainties have increased. Markets are awaiting EU leaders to divvy up top jobs.


GBP/USD falls after the dovish BOE statement

GBP/USD retreats below 1.2700. after the BOE downgraded Q2 forecasts, noting downside risks have increased. Boris Johnson won the fourth round of the Conservative Contest in which Sajid Javid was eliminated.


USD/JPY: Remains vulnerable, bears likely to target levels below 107.00 handle

The USD/JPY pair finally broke down of its recent consolidative trading range, held over the past one week or so and tumbled to its lowest level since the early-Jan. flash crash. 


FOMC: Prelude to a rate cut?

The Federal Reserve added little new to its policy prescript in Wednesday’s FOMC statement and economic projections and with the anticipation for a July rate cut long priced into market levels the reaction was decidedly uninvolved.

Read more

Gold eases from multi-year tops, still well bid near $1380 level

Gold built on the post-FOMC upsurge and rallied to near six-year tops during the Asian session on Thursday, albeit retreated a bit thereafter.

Gold News