Gold Intraday: consolidation.

Pivot:

2044.00

Our preference:

Short positions below 2044.00 with targets at 2032.00 & 2025.00 in extension.

Alternative scenario:

Above 2044.00 look for further upside with 2052.00 & 2060.00 as targets.

Comment:

As long as 2044.00 is resistance, look for choppy price action with a bearish bias.

Crude Oil (WTI)‎ (F4)‎ Intraday: the downside prevails.

Pivot:

76.55

Our preference:

Short positions below 76.55 with targets at 74.70 & 74.15 in extension.

Alternative scenario:

Above 76.55 look for further upside with 77.00 & 77.90 as targets.

Comment:

The RSI is bearish and calls for further downside.

EUR/USD Intraday: the downside prevails.

Pivot:

1.0915

Our preference:

Short positions below 1.0915 with targets at 1.0875 & 1.0860 in extension.

Alternative scenario:

Above 1.0915 look for further upside with 1.0930 & 1.0945 as targets.

Comment:

The RSI is bearish and calls for further downside.

GBP/USD Intraday: under pressure

Pivot:

1.2665

Our preference:

Short positions below 1.2665 with targets at 1.2600 & 1.2580 in extension.

Alternative scenario:

Above 1.2665 look for further upside with 1.2685 & 1.2705 as targets.

Comment:

As long as the resistance at 1.2665 is not surpassed, the risk of the break below 1.2600 remains high.

AUD/USD Intraday: key resistance at 0.6635.

Pivot:

0.6635

Our preference:

Short positions below 0.6635 with targets at 0.6585 & 0.6570 in extension.

Alternative scenario:

Above 0.6635 look for further upside with 0.6650 & 0.6670 as targets.

Comment:

As long as 0.6635 is resistance, look for choppy price action with a bearish bias.

USD/JPY Intraday: bullish bias above 147.50.

Pivot:

147.50

Our preference:

Long positions above 147.50 with targets at 148.50 & 148.80 in extension.

Alternative scenario:

Below 147.50 look for further downside with 147.20 & 146.85 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.