Gold Intraday: the bias remains bullish.

Pivot:

1938.00

Our preference:

Long positions above 1938.00 with targets at 1962.00 & 1969.00 in extension.

Alternative scenario:

Below 1938.00 look for further downside with 1931.00 & 1924.00 as targets.

Comment:

The RSI has just landed on its neutrality area at 50% and is turning up.

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 87.75.

Pivot:

87.75

Our preference:

Short positions below 87.75 with targets at 86.70 & 86.25 in extension.

Alternative scenario:

Above 87.75 look for further upside with 88.55 & 89.00 as targets.

Comment:

As long as 87.75 is resistance, look for choppy price action with a bearish bias.

EUR/USD Intraday: the downside prevails.

Pivot:

1.0555

Our preference:

Short positions below 1.0555 with targets at 1.0520 & 1.0505 in extension.

Alternative scenario:

Above 1.0555 look for further upside with 1.0570 & 1.0585 as targets.

Comment:

The RSI calls for a new downleg.

GBP/USD Intraday: under pressure.

Pivot:

1.2170

Our preference:

Short positions below 1.2170 with targets at 1.2120 & 1.2100 in extension.

Alternative scenario:

Above 1.2170 look for further upside with 1.2190 & 1.2210 as targets.

Comment:

The RSI advocates for further decline.

AUD/USD Intraday: the downside prevails.

Pivot:

0.6360

Our preference:

Short positions below 0.6360 with targets at 0.6300 & 0.6285 in extension.

Alternative scenario:

Above 0.6360 look for further upside with 0.6375 & 0.6390 as targets.

Comment:

The RSI is bearish and calls for further downside.

USD/JPY Intraday: bullish bias above 149.60.

Pivot:

149.60

Our preference:

Long positions above 149.60 with targets at 150.00 & 150.15 in extension.

Alternative scenario:

Below 149.60 look for further downside with 149.45 & 149.30 as targets.

Comment:

Technically the RSI is above its neutrality area at 50.