Pivot Point Levels

EUR/USD Intraday: key resistance at 1.1955.
Pivot: 1.1955
Our preference: short positions below 1.1955 with targets at 1.1910 & 1.1880 in extension.
Alternative scenario: above 1.1955 look for further upside with 1.1980 & 1.2000 as targets.
Comment: the RSI is mixed to bearish.

GBP/USD Intraday: the downside prevails.
Pivot: 1.3555
Our preference: short positions below 1.3555 with targets at 1.3505 & 1.3465 in extension.
Alternative scenario: above 1.3555 look for further upside with 1.3585 & 1.3615 as targets.
Comment: as long as the resistance at 1.3555 is not surpassed, the risk of the break below 1.3505 remains high.

AUD/USD Intraday: under pressure.
Pivot: 0.7835
Our preference: short positions below 0.7835 with targets at 0.7805 & 0.7785 in extension.
Alternative scenario: above 0.7835 look for further upside with 0.7865 & 0.7875 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.7835.

Gold spot Intraday: key resistance at 1316.00.
Pivot: 1316.0000
Our preference: short positions below 1316.00 with targets at 1306.00 & 1300.00 in extension.
Alternative scenario: above 1316.00 look for further upside with 1321.00 & 1326.00 as targets.
Comment: the RSI is mixed with a bearish bias.

Silver spot Intraday: under pressure.
Pivot: 17.0500
Our preference: short positions below 17.0500 with targets at 16.8700 & 16.8000 in extension.
Alternative scenario: above 17.0500 look for further upside with 17.1400 & 17.2700 as targets.
Comment: the RSI lacks upward momentum.

Crude Oil (WTI) (G18) Intraday: the upside prevails.
Pivot: 62.5500
Our preference: long positions above 62.55 with targets at 64.00 & 64.50 in extension.
Alternative scenario: below 62.55 look for further downside with 61.80 & 61.10 as targets.
Comment: the break above the resistance at 62.55 triggered an upward acceleration to 64.00. The rising 20-period and 50-period moving average maintain the upside bias.

Source: HYCM Forex Broker