Gold spot ($)

Further upside.

GOLD


 

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


Pivot (invalidation): 1283.00

Our preference
Long positions above 1283.00 with targets at 1291.00 & 1293.50 in extension.

Alternative scenario
Below 1283.00 look for further downside with 1280.50 & 1277.00 as targets.

Comment
The RSI is bullish and calls for further upside.

 

Silver spot ($)

Look for 14.7000.

SILVER

Pivot (invalidation): 14.5400

Our preference
Long positions above 14.5400 with targets at 14.6400 & 14.7000 in extension.

Alternative scenario
Below 14.5400 look for further downside with 14.4900 & 14.4300 as targets.

Comment
The RSI calls for a new upleg.

 

Crude Oil (WTI)

Intraday support around 58.20.

OIL

Pivot (invalidation): 58.20

Our preference
Long positions above 58.20 with targets at 59.00 & 59.35 in extension.

Alternative scenario
Below 58.20 look for further downside with 57.55 & 56.95 as targets.

Comment
The RSI is mixed and calls for caution.

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.

EUR/USD News

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.

GBP/USD News

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. 

USD/JPY News

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 fluctuates near multi-year highs above $1380, adds more than $20 on the day

With major central banks adopting a more cautious tone with regards to the economic outlook and hinting at rate cuts this week, gold became an investor favourite and the troy ounce of the precious metal rose more than $50 since the start of the week to touch its highest level since September 2013 at $1393.27.

Gold News

Majors

Cryptocurrencies

Signatures