Gold spot ($)
Pivot (invalidation): 1523.00
Short positions below 1523.00 with targets at 1516.00 & 1510.00 in extension.
Above 1523.00 look for further upside with 1525.50 & 1528.00 as targets.
A break below 1516.00 would trigger a drop towards 1510.00.
Silver spot ($)
Consolidation in place.
Pivot (invalidation): 17.9900
Short positions below 17.9900 with targets at 17.7200 & 17.6500 in extension.
Above 17.9900 look for further upside with 18.1400 & 18.2500 as targets.
The RSI is mixed to bearish.
Crude Oil (WTI)
Look for 60.80.
Pivot (invalidation): 61.60
Short positions below 61.60 with targets at 61.00 & 60.80 in extension.
Above 61.60 look for further upside with 61.85 & 62.05 as targets.
As Long as the resistance at 61.60 is not surpassed, the risk of the break below 61.00 remains high.
This report has been prepared by Swissquote Bank Ltd 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 Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd 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.