EUR/USD Intraday: bullish bias above 1.368.
Pivot: 1.368 Analysis: Long positions above 1.368 with targets @ 1.373 & 1.375 in extension. Alternative scenario: Below 1.368 look for further downside with 1.3645 & 1.362 as targets. Comment: The RSI calls for a new upleg. The pair is drawing a Reverse Head and Shoulders: a bullish reversal pattern. A break above 1.373 will open the way towards 1.38.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
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GBP/USD Intraday: the upside prevails.
Pivot: 1.678 Analysis: Long positions above 1.678 with targets @ 1.6855 & 1.6885 in extension. Alternative scenario: Below 1.678 look for further downside with 1.676 & 1.673 as targets. Comment: The RSI is well directed. The pair is supported by a rising trend line and its ascending 50-period moving average (in blue).
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
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Gold spot Intraday: bullish bias above 1289.
Pivot: 1289 Analysis: Long positions above 1289 with targets @ 1307 & 1315 in extension. Alternative scenario: Below 1289 look for further downside with 1276 & 1254 as targets. Comment: A support base at 1289 has formed and has allowed for a temporary stabilisation.
Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced
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