Swissquote Bank Research Team
Swissquote Bank Ltd
Gold spot ($)
Supported by a rising trend line.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1201.00
Our preference
Long positions above 1201.00 with targets at 1208.50 & 1212.50 in extension.
Alternative scenario
Below 1201.00 look for further downside with 1198.00 & 1195.50 as targets.
Comment
The RSI advocates for further advance.
Silver spot ($)
Further upside.
Pivot (invalidation): 14.2100
Our preference
Long positions above 14.2100 with targets at 14.4000 & 14.4900 in extension.
Alternative scenario
Below 14.2100 look for further downside with 14.1400 & 14.0700 as targets.
Comment
The RSI is bullish and calls for further upside.
Crude Oil (WTI)
Further upside.
Pivot (invalidation): 70.90
Our preference
Long positions above 70.90 with targets at 72.30 & 72.85 in extension.
Alternative scenario
Below 70.90 look for further downside with 70.20 & 69.70 as targets.
Comment
The RSI advocates for further advance.
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
GBP/USD clings to recovery gains above 1.3200, as BoE looms
GBP/USD sustains the recovery above 1.3200 in early Europe on Thursday, having found buyers near 1.3150. A fresh US Dollar pullback and a rebound in risk sentiment offer support to the pair ahead of the BoE policy announcements.
EUR/USD holds higher ground above 1.1100, focus shifts to ECB-speak
EUR/USD is holding higher ground above 1.1100 in the early European session on Thursday. The pair is underpinned by the renewed US Dollar retreat, as traders digest the Fed's dovish outlook, bracing for ECB-speak for fresh trading incentives. US data are also eyed.
Gold price jumps back closer to all-time peak, $2,600 remains in sight amid fresh USD weakness
Gold price regains positive traction following the previous day's pullback from the all-time peak and builds on its steady intraday ascent heading into the European session on Thursday.
BoE expected to keep interest rate unchanged at 5% as price pressures persist
After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.
Bitcoin surges to $62,000 mark after 50 bps Fed rate cut
Bitcoin and Ripple eye for a rally as they break and find support around their resistance barrier. Meanwhile, Ethereum demonstrates signs of recovery as it approaches a critical resistance level, indicating that an upward rally could be on the horizon if it successfully breaks through.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.