TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø Gold: the upside prevails with Pivot: 1123

Our preference: Long positions above 1123 with targets @ 1146.5 & 1153 in extension.

Alternative scenario: Below 1123 look for further downside with 1117 & 1109 as targets.

Comment: The RSI is mixed with a bullish bias.
Key Levels:
1160 
1153 
1146.5 
1134.23 Last
1123 
1117 
1109  

Ø  EUR/USD under pressure with Pivot: 1.131

Our preference: Short positions below 1.131 with targets @ 1.1155 & 1.109 in extension.

Alternative scenario: Above 1.131 look for further upside with 1.135 & 1.141 as targets.

Comment: As long as 1.131 is resistance, look for choppy price action with a bearish bias.

Key Levels:
1.141 ***
1.135 ***
1.131 ***
1.1235 Last
1.1155 ***
1.109 ***
1.104 ***

GBP/USD caution with Pivot: 1.5445

Our preference: Short positions below 1.5445 with targets @ 1.5325 & 1.5265 in extension.

Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets.

Comment: Intraday technical indicators are mixed and call for caution.
Key Levels:1.557 ***
1.55 ***
1.5445 ***
1.5428 Last
1.5325 ***
1.5265 ***
1.521 **