Gold spot intraday: Key resistance at 1595.00
Gold spot ($)
Key resistance at 1595.00.
Stay on top of the markets with Swissquote’s News & Analysis
Pivot (invalidation): 1595.00
Our preference
Short positions below 1595.00 with targets at 1566.00 & 1558.00 in extension.
Alternative scenario
Above 1595.00 look for further upside with 1604.00 & 1613.00 as targets.
Comment
As Long as the resistance at 1595.00 is not surpassed, the risk of the break below 1566.00 remains high.
Silver spot ($)
Consolidation.
Pivot (invalidation): 14.1500
Our preference
Short positions below 14.1500 with targets at 13.8900 & 13.7900 in extension.
Alternative scenario
Above 14.1500 look for further upside with 14.2500 & 14.3900 as targets.
Comment
As Long as 14.1500 is resistance, look for choppy price action with a bearish bias.
Crude Oil (WTI)
Key resistance at 20.95.
Pivot (invalidation): 20.95
Our preference
Short positions below 20.95 with targets at 20.00 & 19.25 in extension.
Alternative scenario
Above 20.95 look for further upside with 21.45 & 21.90 as targets.
Comment
The RSI lacks upward momentum.
Source: FxStreet
Incoming search terms:
- gold
- silver
- oil
- technical analysis