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Publish Date: Tue, 11 Jul 2023, 03:02 AM
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.