2023-07-14 07:58

Gold Intraday: bullish bias above 1947.00. Pivot: 1947.00 Our preference: Long positions above 1947.00 with targets at 1972.00 & 1980.00 in extension. Alternative scenario: Below 1947.00 look for further downside with 1941.00 & 1933.00 as targets. Comment: The immediate trend remains up but the momentum is weak. Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 76.55. Pivot: 76.55 Our preference: Long positions above 76.55 with targets at 77.75 & 78.50 in extension. Alternative scenario: Below 76.55 look for further downside with 76.00 & 75.30 as targets. Comment: The break above the resistance at 76.55 triggered an upward acceleration to 77.75. EUR/USD Intraday: further advance. Pivot: 1.1180 Our preference: Long positions above 1.1180 with targets at 1.1250 & 1.1280 in extension. Alternative scenario: Below 1.1180 look for further downside with 1.1160 & 1.1130 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: towards 1.3200. Pivot: 1.3070 Our preference: Long positions above 1.3070 with targets at 1.3170 & 1.3200 in extension. Alternative scenario: Below 1.3070 look for further downside with 1.3040 & 1.3010 as targets. Comment: The RSI advocates for further advance. USD/JPY Intraday: 137.00 in sight. Pivot: 138.70 Our preference: Short positions below 138.70 with targets at 137.40 & 137.00 in extension. Alternative scenario: Above 138.70 look for further upside with 139.00 & 139.30 as targets. Comment: The RSI advocates for further downside. AUD/USD Intraday: watch 0.6950. Pivot: 0.6840 Our preference: Long positions above 0.6840 with targets at 0.6920 & 0.6950 in extension. Alternative scenario: Below 0.6840 look for further downside with 0.6810 & 0.6780 as targets. Comment: The RSI calls for a bounce.

2023-07-13 02:55

Gold Intraday: the upside prevails. Pivot: 1947.00 Our preference: Long positions above 1947.00 with targets at 1965.00 & 1972.00 in extension. Alternative scenario: Below 1947.00 look for further downside with 1941.00 & 1933.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (Q3)‎ Intraday: the bias remains bullish. Pivot: 75.15 Our preference: Long positions above 75.15 with targets at 76.80 & 77.20 in extension. Alternative scenario: Below 75.15 look for further downside with 74.65 & 74.15 as targets. Comment: The RSI is mixed with a bullish bias. EUR/USD Intraday: towards 1.1200. Pivot: 1.1090 Our preference: Long positions above 1.1090 with targets at 1.1170 & 1.1200 in extension. Alternative scenario: Below 1.1090 look for further downside with 1.1060 & 1.1040 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: the upside prevails. Pivot: 1.2940 Our preference: Long positions above 1.2940 with targets at 1.3030 & 1.3060 in extension. Alternative scenario: Below 1.2940 look for further downside with 1.2910 & 1.2885 as targets. Comment: The RSI calls for a new upleg. USD/JPY Intraday: the downside prevails. Pivot: 139.10 Our preference: Short positions below 139.10 with targets at 138.00 & 137.40 in extension. Alternative scenario: Above 139.10 look for further upside with 139.60 & 140.10 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: expect 0.6840. Pivot: 0.6745 Our preference: Long positions above 0.6745 with targets at 0.6810 & 0.6840 in extension. Alternative scenario: Below 0.6745 look for further downside with 0.6720 & 0.6680 as targets. Comment: The RSI calls for a new upleg.

2023-07-12 06:15

Gold Intraday: towards 1945.00. Pivot: 1926.00 Our preference: Long positions above 1926.00 with targets at 1938.00 & 1945.00 in extension. Alternative scenario: Below 1926.00 look for further downside with 1919.00 & 1913.00 as targets. Comment: The RSI is bullish and calls for further upside. Crude Oil (WTI)‎ (Q3)‎ Intraday: further upside. Pivot: 74.00 Our preference: Long positions above 74.00 with targets at 75.35 & 76.10 in extension. Alternative scenario: Below 74.00 look for further downside with 73.30 & 72.70 as targets. Comment: The RSI is bullish and calls for further upside. EUR/USD Intraday: bullish bias above 1.0990. Pivot: 1.0990 Our preference: Long positions above 1.0990 with targets at 1.1025 & 1.1040 in extension. Alternative scenario: Below 1.0990 look for further downside with 1.0975 & 1.0960 as targets. Comment: The RSI advocates for further advance. GBP/USD Intraday: further upside. Pivot: 1.2900 Our preference: Long positions above 1.2900 with targets at 1.2960 & 1.2980 in extension. Alternative scenario: Below 1.2900 look for further downside with 1.2880 & 1.2860 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: under pressure. Pivot: 140.60 Our preference: Short positions below 140.60 with targets at 139.90 & 139.60 in extension. Alternative scenario: Above 140.60 look for further upside with 140.90 & 141.20 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: further advance. Pivot: 0.6660 Our preference: Long positions above 0.6660 with targets at 0.6720 & 0.6740 in extension. Alternative scenario: Below 0.6660 look for further downside with 0.6640 & 0.6620 as targets. Comment: The RSI calls for a new upleg.

2023-07-11 03:02

Gold Intraday: bullish bias above 1919.00. Pivot: 1919.00 Our preference: Long positions above 1919.00 with targets at 1930.00 & 1934.00 in extension. Alternative scenario: Below 1919.00 look for further downside with 1912.00 & 1904.00 as targets. Comment: The RSI is mixed with a bullish bias. Crude Oil (WTI)‎ (Q3)‎ Intraday: intraday support around 72.70. Pivot: 72.70 Our preference: Long positions above 72.70 with targets at 73.60 & 74.10 in extension. Alternative scenario: Below 72.70 look for further downside with 72.25 & 71.45 as targets. Comment: A support base at 72.70 has formed and has allowed for a temporary stabilisation. EUR/USD Intraday: the upside prevails. Pivot: 1.0970 Our preference: Long positions above 1.0970 with targets at 1.1010 & 1.1040 in extension. Alternative scenario: Below 1.0970 look for further downside with 1.0955 & 1.0940 as targets. Comment: The RSI is bullish and calls for further advance. GBP/USD Intraday: further advance. Pivot: 1.2820 Our preference: Long positions above 1.2820 with targets at 1.2890 & 1.2920 in extension. Alternative scenario: Below 1.2820 look for further downside with 1.2795 & 1.2770 as targets. Comment: The RSI advocates for further upside. USD/JPY Intraday: the downside prevails. Pivot: 142.05 Our preference: Short positions below 142.05 with targets at 141.00 & 140.30 in extension. Alternative scenario: Above 142.05 look for further upside with 142.60 & 143.00 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: bullish bias above 0.6650. Pivot: 0.6650 Our preference: Long positions above 0.6650 with targets at 0.6700 & 0.6720 in extension. Alternative scenario: Below 0.6650 look for further downside with 0.6635 & 0.6620 as targets. Comment: The RSI calls for a bounce.

2023-07-10 03:03

Gold Intraday: the bias remains bullish. Pivot: 1918.00 Our preference: Long positions above 1918.00 with targets at 1934.00 & 1939.00 in extension. Alternative scenario: Below 1918.00 look for further downside with 1912.00 & 1904.00 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Crude Oil (WTI)‎ (Q3)‎ Intraday: intraday support around 72.70. Pivot: 72.70 Our preference: Long positions above 72.70 with targets at 74.40 & 75.10 in extension. Alternative scenario: Below 72.70 look for further downside with 72.25 & 71.45 as targets. Comment: The RSI is above its neutrality area at 50%. EUR/USD Intraday: 1.1000 in sight. Pivot: 1.0930 Our preference: Long positions above 1.0930 with targets at 1.0980 & 1.1000 in extension. Alternative scenario: Below 1.0930 look for further downside with 1.0915 & 1.0900 as targets. Comment: The RSI advocates for further upside. GBP/USD Intraday: the upside prevails. Pivot: 1.2800 Our preference: Long positions above 1.2800 with targets at 1.2860 & 1.2880 in extension. Alternative scenario: Below 1.2800 look for further downside with 1.2780 & 1.2760 as targets. Comment: The RSI is bullish and calls for further advance. USD/JPY Intraday: under pressure. Pivot: 142.70 Our preference: Short positions below 142.70 with targets at 141.80 & 141.50 in extension. Alternative scenario: Above 142.70 look for further upside with 143.00 & 143.40 as targets. Comment: The RSI is bearish and calls for further decline. AUD/USD Intraday: bullish bias above 0.6660. Pivot: 0.6660 Our preference: Long positions above 0.6660 with targets at 0.6705 & 0.6720 in extension. Alternative scenario: Below 0.6660 look for further downside with 0.6640 & 0.6620 as targets. Comment: The RSI advocates for further upside.

2023-07-07 02:47

Gold Intraday: key resistance at 1917.00. Pivot: 1917.00 Our preference: Short positions below 1917.00 with targets at 1902.00 & 1896.00 in extension. Alternative scenario: Above 1917.00 look for further upside with 1921.00 & 1927.00 as targets. Comment: As long as the resistance at 1917.00 is not surpassed, the risk of the break below 1902.00 Crude Oil (WTI)‎ (Q3)‎ Intraday: intraday support around 71.30. Pivot: 71.30 Our preference: Long positions above 71.30 with targets at 72.35 & 72.65 in extension. Alternative scenario: Below 71.30 look for further downside with 70.80 & 70.25 as targets. Comment: The next resistances are at 72.35 and then at 72.65. EUR/USD Intraday: further advance. Pivot: 1.0865 Our preference: Long positions above 1.0865 with targets at 1.0905 & 1.0925 in extension. Alternative scenario: Below 1.0865 look for further downside with 1.0850 & 1.0835 as targets. Comment: The RSI is bullish and calls for further upside. GBP/USD Intraday: bullish bias above 1.2710. Pivot: 1.2710 Our preference: Long positions above 1.2710 with targets at 1.2780 & 1.2800 in extension. Alternative scenario: Below 1.2710 look for further downside with 1.2685 & 1.2660 as targets. Comment: The RSI calls for a bounce. USD/JPY Intraday: the downside prevails. Pivot: 144.40 Our preference: Short positions below 144.40 with targets at 143.55 & 143.30 in extension. Alternative scenario: Above 144.40 look for further upside with 144.65 & 144.90 as targets. Comment: The RSI advocates for further downside. AUD/USD Intraday: the downside prevails. Pivot: 0.6655 Our preference: Short positions below 0.6655 with targets at 0.6610 & 0.6595 in extension. Alternative scenario: Above 0.6655 look for further upside with 0.6670 & 0.6685 as targets. Comment: As long as 0.6655 is resistance, look for choppy price action with a bearish bias.