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Publish Date: Fri, 20 Oct 2023, 02:21 AM
Gold Intraday: further advance.
Pivot:
1962.00
Our preference:
Long positions above 1962.00 with targets at 1990.00 & 2000.00 in extension.
Alternative scenario:
Below 1962.00 look for further downside with 1952.00 & 1945.00 as targets.
Comment:
The next resistances are at 1990.00 and then at 2000.00.
Crude Oil (WTI) (Z3) Intraday: intraday support around 88.30.
Pivot:
88.30
Our preference:
Long positions above 88.30 with targets at 89.90 & 90.90 in extension.
Alternative scenario:
Below 88.30 look for further downside with 87.65 & 86.80 as targets.
Comment:
The next resistances are at 89.90 and then at 90.90.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0555
Our preference:
Long positions above 1.0555 with targets at 1.0600 & 1.0615 in extension.
Alternative scenario:
Below 1.0555 look for further downside with 1.0540 & 1.0525 as targets.
Comment:
The RSI calls for a bounce.
GBP/USD Intraday: intraday support around 1.2125.
Pivot:
1.2125
Our preference:
Long positions above 1.2125 with targets at 1.2170 & 1.2190 in extension.
Alternative scenario:
Below 1.2125 look for further downside with 1.2110 & 1.2090 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
AUD/USD Intraday: bullish bias above 0.6310.
Pivot:
0.6310
Our preference:
Long positions above 0.6310 with targets at 0.6340 & 0.6355 in extension.
Alternative scenario:
Below 0.6310 look for further downside with 0.6295 & 0.6280 as targets.
Comment:
The next resistances are at 0.6340 and then at 0.6355.
USD/JPY Intraday: key resistance at 150.00.
Pivot:
150.00
Our preference:
Short positions below 150.00 with targets at 149.65 & 149.50 in extension.
Alternative scenario:
Above 150.00 look for further upside with 150.15 & 150.30 as targets.
Comment:
As long as 150.00 is resistance, look for choppy price action with a bearish bias.