Daily Pivot Point – EUR/USD Intraday: expect 1.1320.
Pivot:
1.1370
Our preference:
short positions below 1.1370 with targets at 1.1340 & 1.1320 in extension.
Alternative scenario: above 1.1370 look for further upside with 1.1390 & 1.1410 as targets.
Comment: the RSI advocates for further decline.
GBP/USD Intraday: range.
Pivot:
1.2725
Our preference:
short positions below 1.2725 with targets at 1.2685 & 1.2665 in extension.
Alternative scenario: above 1.2725 look for further upside with 1.2740 & 1.2755 as targets.
Comment:
a break below 1.2685 would trigger a drop towards 1.2665.
AUD/USD Intraday: watch 0.6970.
Pivot:
0.7015
Our preference:
short positions below 0.7015 with targets at 0.6985 & 0.6970 in extension.
Alternative scenario:above 0.7015 look for further upside with 0.7030 & 0.7045 as targets.
Comment: the RSI is bearish and calls for further downside.
Gold spot Intraday: 1373.00 in sight.
Pivot:
1405.50
Our preference:
short positions below 1405.50 with targets at 1384.00 & 1373.00 in extension.
Alternative scenario: above 1405.50 look for further upside with 1415.00 & 1425.00 as targets.
Comment:
the RSI has broken down its 30 level.
Silver spot Intraday: under pressure.
Pivot:
15.3100
Our preference:
short positions below 15.3100 with targets at 15.1000 & 15.0000 in extension.
Alternative scenario: above 15.3100 look for further upside with 15.4000 & 15.4600 as targets.
Comment: as long as the resistance at 15.3100 is not surpassed, the risk of the break below 15.1000 remains high.
Source: HYCM Forex Broker
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