TECHNICAL ANALYSIS

 WELCOME TO SVFX  (Technical Signals for intraday)

Ø  Gold: bullish bias with Pivot: 1108.8

Our preference: Long positions above 1108.8 with targets @ 1127 & 1135 in extension.

Alternative scenario: Below 1108.8 look for further downside with 1101.3 & 1093.7 as targets.

Comment: A support base at 1108.8 has formed and has allowed for a temporary stabilisation.
Key Levels:
1145 
1135 
1127 
1113.24 Last
1108.8 
1101.3 
1093.7 

Ø  EUR/USD the bias remains bullish with Pivot: 1.109

Our preference: Long positions above 1.109 with targets @ 1.117 & 1.1215 in extension.

Alternative scenario: Below 1.109 look for further downside with 1.103 & 1.098 as targets.

Comment: The RSI is mixed to bullish.

Key Levels:
1.127 **
1.1215 ***
1.117 ***
1.1155 Last
1.109 **
1.103 ***
1.098 ***

GBP/USD under pressure with Pivot: 1.564

Our preference: Short positions below 1.564 with targets @ 1.557 & 1.554 in extension.

Alternative scenario: Above 1.564 look for further upside with 1.5675 & 1.571 as targets.

Comment: As long as the resistance at 1.564 is not surpassed, the risk of the break below 1.557 remains high. 
Key Levels:1.571 **
1.5675 ***
1.564 ***
1.5615 Last
1.557 ***
1.554 ***
1.551 ***