Gold Intraday: key resistance at 2014.00.

Pivot:

2014.00

Our preference:

Short positions below 2014.00 with targets at 2000.00 & 1994.00 in extension.

Alternative scenario:

Above 2014.00 look for further upside with 2020.00 & 2026.00 as targets.

Comment:

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

Crude Oil (WTI)‎ (F4)‎ Intraday: bullish bias above 70.25.

Pivot:

70.25

Our preference:

Long positions above 70.25 with targets at 72.00 & 72.60 in extension.

Alternative scenario:

Below 70.25 look for further downside with 69.60 & 68.80 as targets.

Comment:

The RSI is above its neutrality area at 50%.

EUR/USD Intraday: key resistance at 1.0785.

Pivot:

1.0785

Our preference:

Short positions below 1.0785 with targets at 1.0740 & 1.0725 in extension.

Alternative scenario:

Above 1.0785 look for further upside with 1.0800 & 1.0815 as targets.

Comment:

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

GBP/USD Intraday: key resistance at 1.2580.

Pivot:

1.2580

Our preference:

Short positions below 1.2580 with targets at 1.2520 & 1.2500 in extension.

Alternative scenario:

Above 1.2580 look for further upside with 1.2600 & 1.2615 as targets.

Comment:

As long as the resistance at 1.2580 is not surpassed, the risk of the break below 1.2520 remains high.

AUD/USD Intraday: under pressure.

Pivot:

0.6600

Our preference:

Short positions below 0.6600 with targets at 0.6555 & 0.6540 in extension.

Alternative scenario:

Above 0.6600 look for further upside with 0.6620 & 0.6640 as targets.

Comment:

As long as the resistance at 0.6600 is not surpassed, the risk of the break below 0.6555 remains high.

USD/JPY Intraday: further advance.

Pivot:

144.00

Our preference:

Long positions above 144.00 with targets at 145.70 & 146.30 in extension.

Alternative scenario:

Below 144.00 look for further downside with 143.30 & 142.50 as targets.

Comment:

The RSI is bullish and calls for further advance.