Technical Analysis

WELCOME TO SVFX (Technical Signals for intraday)

Ø     Gold: key range with Pivot: 1126

Our preference: Short positions below 1126 with targets @ 1115.9 & 1110 in extension.

Alternative scenario: Above 1126 look for further upside with 1130.7 & 1137 as targets.

Comment: The RSI is mixed. Gold is moving sideways between its key resistance at 1126 and key support at 1115.9.
Key Levels:
1137 
1130.7 
1126 
1123.5 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: A support base at 1.115 has formed and has allowed for a temporary stabilisation.

Key Levels:
1.1295 ***
1.126 ***
1.123 ***
1.1168 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 @ 1.544 & 1.5475 in extension.

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

Comment: The RSI lacks downward momentum.
Key Levels:1.55 **
1.5475 **
1.544 **
1.5384 Last
1.532 **
1.529 ***
1.5265 ***