TECHNICAL SIGNALS

 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 
1105.7 Last
1098 
1094 
1087.6 

Ø  EUR/USD consolidation in place with Pivot: 1.1335

Our preference: Short positions below 1.1335 with targets @ 1.128 & 1.125 in extension.

Alternative scenario: Above 1.1335 look for further upside with 1.137 & 1.14 as targets.
Comment: The upward potential is likely to be limited by the resistance at 1.1335.

Key Levels:
1.14 **
1.137 **
1.1335 ***
1.1316 Last
1.128 *
1.125 **
1.121 **

Ø     GBP/USD under pressure with Pivot: 1.5475

Our preference: Short positions below 1.5475 with targets @ 1.537 & 1.5335 in extension.

Alternative scenario: Above 1.5475 look for further upside with 1.551 & 1.554 as targets.
Comment: As long as the resistance at 1.5475 is not surpassed, the risk of the break below 1.537 remains high. 
Key Levels:1.554 **
1.551 **
1.5475 ***
1.5422 Last
1.537 **
1.5335 ***
1.529 **