TECHNICAL ANALYSIS

   WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: key resistance with Pivot: 1116

Our preference: Short positions below 1116 with targets @ 1101 & 1094 in extension.

Alternative scenario: Above 1116 look for further upside with 1126 & 1130.7 as targets.
Comment: As long as the resistance at 1116 is not surpassed, the risk of the break below 1101 remains high. 
Key Levels:
1130.7 
1126 
1116 
1107 Last
1101 
1094 
1082 

Ø  EUR/USD the upside prevails with Pivot: 1.1235

Our preference: Long positions above 1.1235 with targets @ 1.132 & 1.135 in extension.

Alternative scenario: Below 1.1235 look for further downside with 1.121 & 1.117 as targets.
Comment: The RSI lacks downward momentum.

Key Levels:
1.1395 ***
1.135 ***
1.132 ***
1.1260 Last
1.1235 ***
1.121 ***
1.117 ***

Ø     GBP/USD the bias remains bullish with Pivot: 1.539

Our preference: Long positions above 1.539 with targets @ 1.5475 & 1.551 in extension.

Alternative scenario: Below 1.539 look for further downside with 1.5335 & 1.529 as targets.
Comment: The RSI lacks downward momentum.
Key Levels:1.554 ***
1.551 ***
1.5475 **
1.5423 Last
1.539 ***
1.5335 ***
1.529 ***