TECHNICAL ANALYSIS

  WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: capped by a negative trend line with Pivot: 1110

Our preference: Short positions below 1110 with targets @ 1098 & 1094 in extension.

Alternative scenario: Above 1110 look for further upside with 1116 & 1119 as targets.

Comment: As long as 1110 is resistance, likely decline to 1098.
Key Levels:
1119 
1116 
1110 
1104.48 Last
1098 
1094 
1087.6 

Ø  EUR/USD key resistance with Pivot: 1.1335

Our preference: Short positions below 1.1335 with targets @ 1.125 & 1.121 in extension.

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

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Key Levels:
1.14 **
1.137 **
1.1335 ***
1.1293 Last
1.125 *
1.121 **
1.118 **

Ø     GBP/USD  key resistance with Pivot: 1.5395

Our preference: Short positions below 1.5395 with targets @ 1.529 & 1.525 in extension.

Alternative scenario: Above 1.5395 look for further upside with 1.545 & 1.55 as targets.

Comment: As long as 1.5395 is resistance, look for choppy price action with a bearish bias.
Key Levels:1.55 **
1.545 **
1.5395 ***
1.5353 Last
1.529 **
1.525 ***
1.52 **