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Publish Date: Fri, 14 Jul 2023, 07:58 AM
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.