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Publish Date: Mon, 11 Dec 2023, 02:15 AM
Gold Intraday: key resistance at 2014.00.
Pivot:
2014.00
Our preference:
Short positions below 2014.00 with targets at 2000.00 & 1994.00 in extension.
Alternative scenario:
Above 2014.00 look for further upside with 2020.00 & 2026.00 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Crude Oil (WTI) (F4) Intraday: bullish bias above 70.25.
Pivot:
70.25
Our preference:
Long positions above 70.25 with targets at 72.00 & 72.60 in extension.
Alternative scenario:
Below 70.25 look for further downside with 69.60 & 68.80 as targets.
Comment:
The RSI is above its neutrality area at 50%.
EUR/USD Intraday: key resistance at 1.0785.
Pivot:
1.0785
Our preference:
Short positions below 1.0785 with targets at 1.0740 & 1.0725 in extension.
Alternative scenario:
Above 1.0785 look for further upside with 1.0800 & 1.0815 as targets.
Comment:
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GBP/USD Intraday: key resistance at 1.2580.
Pivot:
1.2580
Our preference:
Short positions below 1.2580 with targets at 1.2520 & 1.2500 in extension.
Alternative scenario:
Above 1.2580 look for further upside with 1.2600 & 1.2615 as targets.
Comment:
As long as the resistance at 1.2580 is not surpassed, the risk of the break below 1.2520 remains high.
AUD/USD Intraday: under pressure.
Pivot:
0.6600
Our preference:
Short positions below 0.6600 with targets at 0.6555 & 0.6540 in extension.
Alternative scenario:
Above 0.6600 look for further upside with 0.6620 & 0.6640 as targets.
Comment:
As long as the resistance at 0.6600 is not surpassed, the risk of the break below 0.6555 remains high.
USD/JPY Intraday: further advance.
Pivot:
144.00
Our preference:
Long positions above 144.00 with targets at 145.70 & 146.30 in extension.
Alternative scenario:
Below 144.00 look for further downside with 143.30 & 142.50 as targets.
Comment:
The RSI is bullish and calls for further advance.