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Publish Date: Fri, 07 Jul 2023, 02:47 AM
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.