Gold spot ($)

Capped by a negative trend line.

Gold

 


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


Pivot (invalidation): 1517.00

Our preference
Short positions below 1517.00 with targets at 1504.00 & 1496.00 in extension.

Alternative scenario
Above 1517.00 look for further upside with 1522.00 & 1528.00 as targets.

Comment
The RSI calls for a new downleg.

 

Silver spot ($)

16.8500 expected.

SIlver

 

Pivot (invalidation): 17.1800

Our preference
Short positions below 17.1800 with targets at 17.0000 & 16.8500 in extension.

Alternative scenario
Above 17.1800 look for further upside with 17.2800 & 17.3800 as targets.

Comment
The RSI is bearish and calls for further decline.

 

Crude Oil (WTI)

Further upside.

Crude Oil

 

Pivot (invalidation): 54.75

Our preference
Long positions above 54.75 with targets at 55.65 & 56.25 in extension.

Alternative scenario
Below 54.75 look for further downside with 54.30 & 53.75 as targets.

Comment
The RSI advocates for further advance.

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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD clings to 3.5-week’s high, trades above 1.1000 figure

The pair is challenging the 1.1047 resistance. EUR/USD bull recovery from 34-month lows remains intact. Further coronavirus headlines are awaited.

EUR/USD News

GBP/USD hits new 2020 low and bounces amid Brexit rhetoric, coronavirus headlines

GBP/USD is trading above 1.2800 after hitting a new 2020, nearing the 1.2700 figure, as concerns about a no-trade-deal Brexit are weighing on the pound. Modest recovery seen in USD during the American session keeps the bearish pressure intact.

GBP/USD News

XAU/USD tumbles near two-week’s lows, sub-$1600/oz

Gold has been dropping sharply this Friday while reaching the 200 SMA on the four-hour chart. XAU/USD bulls gave up as sellers took the market down sharply. The bears seem to be in charge and more down could potentially be expected. 

Gold News

WTI remains under pressure around $45.00

Nothing new around crude oil prices, with rising concerns on the Chinese COVID-19 and its potential impact on the economy and the demand for the commodity keeping traders’ sentiment well depressed.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info

Forex Majors

Cryptocurrencies

Signatures