Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Under pressure.
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Pivot (invalidation): 1310.50
Our preference
Short positions below 1310.50 with targets at 1305.50 & 1303.50 in extension.
Alternative scenario
Above 1310.50 look for further upside with 1312.50 & 1315.50 as targets.
Comment
The RSI advocates for further decline.
Silver spot ($)
Under pressure.
Pivot (invalidation): 15.7700
Our preference
Short positions below 15.7700 with targets at 15.6600 & 15.6200 in extension.
Alternative scenario
Above 15.7700 look for further upside with 15.8300 & 15.8700 as targets.
Comment
The RSI is mixed with a bearish bias.
Crude Oil (WTI)
Further advance.
Pivot (invalidation): 52.20
Our preference
Long positions above 52.20 with targets at 53.40 & 53.90 in extension.
Alternative scenario
Below 52.20 look for further downside with 51.70 & 51.30 as targets.
Comment
The RSI advocates for further upside.
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.
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