TECHNICAL ANALYSIS

  WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: the downside prevails with Pivot: 1140

Our preference: Short positions below 1140 with targets @ 1126 & 1119 in extension.

Alternative scenario: Above 1140 look for further upside with 1146.5 & 1153 as targets.

Comment: The RSI advocates for further decline.
Key Levels:
1153 
1146.5 
1140 
1131.16 Last
1126 
1119 
1109 

Ø  EUR/USD under pressure with Pivot: 1.156

Our preference: Short positions below 1.156 with targets @ 1.1395 & 1.1345 in extension.

Alternative scenario: Above 1.156 look for further upside with 1.1625 & 1.1715 as targets.

Comment: The RSI is badly directed.

Key Levels:
1.1715 ***
1.1625 ***
1.156 ***
1.1419 Last
1.1395 ***
1.1345 ***
1.1295 ***

GBP/USD under pressure with Pivot: 1.568

Our preference: Short positions below 1.568 with targets @ 1.556 & 1.553 in extension.

Alternative scenario: Above 1.568 look for further upside with 1.5725 & 1.5755 as targets.

Comment: The RSI is badly directed.
Key Levels:1.5755 **
1.5725 ***
1.568 ***
1.5594 Last
1.556 ***
1.553 ***
1.55 ***