TECHNICAL ANALYSIS

WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: key resistance with Pivot: 1116

Our preference: Short positions below 1116 with targets @ 1098 & 1094 in extension.

Alternative scenario: Above 1116 look for further upside with 1126 & 1130.7 as targets.

Comment: As long as 1116 is resistance, likely decline to 1098.
Key Levels:
1130.7 
1126 
1116 
1107.61 Last
1098 
1094 
1087.6 

Ø  EUR/USD further advance with Pivot: 1.129

Our preference: Long positions above 1.129 with targets @ 1.14 & 1.144 in extension.

Alternative scenario: Below 1.129 look for further downside with 1.125 & 1.121 as targets.

Comment: The RSI lacks downward momentum. The prices remain supported by a rising trend line.

Key Levels:
1.147 **
1.144 **
1.14 ***
1.1342 Last
1.129 ***
1.125 **
1.121 **

Ø     GBP/USD the bias remains bullish with Pivot: 1.5395

Our preference: Long positions above 1.5395 with targets @ 1.5475 & 1.551 in extension.

Alternative scenario: Below 1.5395 look for further downside with 1.5335 & 1.529 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Key Levels:1.554 **
1.551 ***
1.5475 **
1.5439 Last
1.5395 ***
1.5335 ***
1.529 **