Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Range.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1272.00
Our preference
Long positions above 1272.00 with targets at 1277.50 & 1279.50 in extension.
Alternative scenario
Below 1272.00 look for further downside with 1269.50 & 1267.50 as targets.
Comment
The RSI lacks downward momentum.
Silver spot ($)
Intraday support around 14.3700.
Pivot (invalidation): 14.3700
Our preference
Long positions above 14.3700 with targets at 14.5000 & 14.5600 in extension.
Alternative scenario
Below 14.3700 look for further downside with 14.3300 & 14.2800 as targets.
Comment
A support base at 14.3700 has formed and has allowed for a temporary stabilisation.
Crude Oil (WTI)
The downside prevails.
Pivot (invalidation): 61.70
Our preference
Short positions below 61.70 with targets at 60.80 & 60.15 in extension.
Alternative scenario
Above 61.70 look for further upside with 62.05 & 62.75 as targets.
Comment
The RSI advocates for further decline.
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.
Recommended Content
Editors’ Picks
EUR/USD alternates gains with losses near 1.0720 post-US PCE
The bullish tone in the Greenback motivates EUR/USD to maintain its daily range in the low 1.070s in the wake of firmer-than-estimated US inflation data measured by the PCE.
GBP/USD clings to gains just above 1.2500 on US PCE
GBP/USD keeps its uptrend unchanged and navigates the area beyond 1.2500 the figure amidst slight gains in the US Dollar following the release of US inflation tracked by the PCE.
Gold keeps its daily gains near $2,350 following US inflation
Gold prices maintain their constructive bias around $2,350 after US inflation data gauged by the PCE surpassed consensus in March and US yields trade with slight losses following recent peaks.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.