FX168 Financial News (Hong Kong) News On Wednesday (October 14) European markets, spot gold continued to rise in the short-term, just hitting US$1,900, silver continued to rise above US$24, and crude oil prices rose slightly.

Regarding the price trends of gold, silver and crude oil in the day, Swissquote Bank wrote a brief analysis as follows:

Gold: expected rebound

Turning point: 1884.00

Trading strategy: bullish above 1884.00, the target positions are 1902.00 and 1910.00 respectively. Or, stay bearish below 1884.00, and look at 1873.00 and 1864.00 in turn.

Reason: The RSI indicator suggests further decline.

Silver: rebound

Turning point: 23.8500

Trading strategy: bullish above 23.8500, the target positions are respectively 24.4000 and 24.5800. Or, stay bearish below 23.8500, and look at 23.6300 and 23.3700 in turn.

Reason: RSI indicator suggests a rebound.

Crude oil: biased to rise

Turning point: 39.85

Trading strategy: Bullish above 39.85, target 40.50 and 40.85 respectively. Or, stay bearish below 39.85, and look at 39.45 and 39.05 in turn.