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Publish Date: Fri, 04 Aug 2023, 02:36 AM
Gold Intraday: bullish bias above 1929.00.
Pivot:
1929.00
Our preference:
Long positions above 1929.00 with targets at 1939.00 & 1945.00 in extension.
Alternative scenario:
Below 1929.00 look for further downside with 1923.00 & 1918.00 as targets.
Comment:
The RSI calls for a rebound.
EUR/USD Intraday: rebound.
Pivot:
1.0930
Our preference:
Long positions above 1.0930 with targets at 1.0965 & 1.0980 in extension.
Alternative scenario:
Below 1.0930 look for further downside with 1.0910 & 1.0895 as targets.
Comment:
The RSI calls for a rebound.
Crude Oil (WTI) (U3) Intraday: the upside prevails.\
Pivot:
80.50
Our preference:
Long positions above 80.50 with targets at 82.40 & 83.40 in extension.
Alternative scenario:
Below 80.50 look for further downside with 79.80 & 78.70 as targets.
Comment:
The RSI calls for a new upleg.
GBP/USD Intraday: rebound.
Pivot:
1.2675
Our preference:
Long positions above 1.2675 with targets at 1.2740 & 1.2765 in extension.
Alternative scenario:
Below 1.2675 look for further downside with 1.2645 & 1.2620 as targets.
Comment:
The RSI advocates for further upside.
USD/JPY Intraday: key resistance at 143.00.
Pivot:
143.00
Our preference:
Short positions below 143.00 with targets at 142.20 & 141.85 in extension.
Alternative scenario:
Above 143.00 look for further upside with 143.40 & 143.90 as targets.
Comment:
As long as 143.00 is resistance, look for choppy price action with a bearish bias.
AUD/USD Intraday: rebound.
Pivot:
0.6525
Our preference:
Long positions above 0.6525 with targets at 0.6585 & 0.6605 in extension.
Alternative scenario:
Below 0.6525 look for further downside with 0.6500 & 0.6480 as targets.
Comment:
The RSI is bullish and calls for further upside.