TECHNICAL ANALYSIS

WELCOME TO SVFX (Technical Signals for intraday)

Ø    Gold: bullish bias with Pivot: 1132

Our preference: Long positions above 1132 with targets @ 1143 & 1147 in extension.

Alternative scenario: Below 1132 look for further downside with 1124.5 & 1116.7 as targets.

Comment: A support base at 1132 has formed and has allowed for a temporary stabilisation.
Key Levels:
1150.9 
1147 
1143 
1137.61 Last
1132 
1124.5 
1116.7 

Ø  EUR/USD under pressure with Pivot: 1.133

Our preference: Short positions below 1.133 with targets @ 1.124 & 1.121 in extension.

Alternative scenario: Above 1.133 look for further upside with 1.1355 & 1.139 as targets.

Comment: The RSI is bearish and calls for further downside.

Key Levels:
1.139 ***
1.1355 **
1.133 ***
1.1269 Last
1.124 **
1.121 **
1.118 ***

Ø     GBP/USD under pressure with Pivot: 1.559

Our preference: Short positions below 1.559 with targets @ 1.549 & 1.545 in extension.

Alternative scenario: Above 1.559 look for further upside with 1.566 & 1.572 as targets.
Comment: The RSI is badly directed.
Key Levels:1.572 **
1.566 **
1.559 *
1.5526 Last
1.549 ***
1.545 **
1.539 **