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 
1107.7 Last
1098 
1094 
1087.6 

Ø  EUR/USD turning down with Pivot: 1.1335

Our preference: Short positions below 1.1335 with targets @ 1.128 & 1.125 in extension.

Alternative scenario: Above 1.1335 look for further upside with 1.137 & 1.14 as targets.

Comment: As long as 1.1335 is resistance, look for choppy price action with a bearish bias. The pair has broken below the lower boundary of a bullish channel.

Key Levels:
1.14 **
1.137 **
1.1335 ***
1.1316 Last
1.128 *
1.125 **
1.121 **

Ø     GBP/USD under pressure with Pivot: 1.5475

Our preference: Short positions below 1.5475 with targets @ 1.537 & 1.5335 in extension.

Alternative scenario: Above 1.5475 look for further upside with 1.551 & 1.554 as targets.

Comment: As long as 1.5475 is resistance, likely decline to 1.537.
Key Levels:1.554 **
1.551 **
1.5475 ***
1.5427 Last
1.537 **
1.5335 ***
1.529 **