TECHNICAL ANALYSIS

WELCOME TO SVFX  (Technical Signals for intraday)

Ø     Gold: key resistance line with Pivot: 1124.8

Our preference: Short positions below 1124.8 with targets @ 1115.9 & 1110 in extension.

Alternative scenario: Above 1124.8 look for further upside with 1130.7 & 1137 as targets.

Comment: As long as 1124.8 is resistance, likely decline to 1115.9.
Key Levels:
1137 
1130.7 
1124.8 
1120.9 Last
1115.9 
1110 
1104 

Ø  EUR/USD the bias remains bullish with Pivot: 1.115

Our preference: Long positions above 1.115 with targets @ 1.123 & 1.126 in extension.

Alternative scenario: Below 1.115 look for further downside with 1.1115 & 1.1085 as targets.

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

Key Levels:
1.1295 ***
1.126 ***
1.123 ***
1.1164 Last
1.115 ***
1.1115 ***
1.1085 ***

Ø     GBP/USD the upside prevails with Pivot: 1.532

Our preference: Long positions above 1.532 with targets @ 1.541 & 1.544 in extension.

Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets.

Comment: The RSI is well directed.
Key Levels:1.5475 **
1.544 **
1.541 **
1.5393 Last
1.532 **
1.529 ***
1.5265 ***