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Publish Date: Thu, 24 Aug 2023, 02:39 AM
Gold Intraday: further upside.
Pivot:
1907.00
Our preference:
Long positions above 1907.00 with targets at 1924.00 & 1930.00 in extension.
Alternative scenario:
Below 1907.00 look for further downside with 1900.00 & 1895.00 as targets.
Comment:
The RSI calls for a new upleg.
EUR/USD Intraday: towards 1.0900.
Pivot:
1.0830
Our preference:
Long positions above 1.0830 with targets at 1.0880 & 1.0900 in extension.
Alternative scenario:
Below 1.0830 look for further downside with 1.0815 & 1.0800 as targets.
Comment:
The RSI advocates for further advance.
GBP/USD Intraday: bullish bias above 1.2680.
Pivot:
1.2680
Our preference:
Long positions above 1.2680 with targets at 1.2740 & 1.2765 in extension.
Alternative scenario:
Below 1.2680 look for further downside with 1.2650 & 1.2615 as targets.
Comment:
The RSI calls for a bounce.
USD/JPY Intraday: 144.00 in sight.
Pivot:
145.15
Our preference:
Short positions below 145.15 with targets at 144.30 & 144.00 in extension.
Alternative scenario:
Above 145.15 look for further upside with 145.50 & 145.80 as targets.
Comment:
The RSI is bearish and calls for further decline.
Crude Oil (WTI) (V3) Intraday: key resistance at 79.40.
Pivot:
79.40
Our preference:
Short positions below 79.40 with targets at 78.20 & 77.60 in extension.
Alternative scenario:
Above 79.40 look for further upside with 79.90 & 80.40 as targets.
Comment:
As long as the resistance at 79.40 is not surpassed, the risk of the break below 78.20 remains high.
AUD/USD Intraday: further advance.
Pivot:
0.6450
Our preference:
Long positions above 0.6450 with targets at 0.6500 & 0.6520 in extension.
Alternative scenario:
Below 0.6450 look for further downside with 0.6430 & 0.6410 as targets.
Comment:
The RSI is bullish and calls for further upside.