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Publish Date: Tue, 19 Dec 2023, 01:48 AM
Gold Intraday: intraday support around 2019.00.\
Pivot:
2019.00
Our preference:
Long positions above 2019.00 with targets at 2033.00 & 2038.00 in extension.
Alternative scenario:
Below 2019.00 look for further downside with 2012.00 & 2004.00 as targets.
Comment:
The RSI is above its neutrality area at 50%.
Crude Oil (WTI) (G4) Intraday: under pressure.
Pivot:
73.75
Our preference:
Short positions below 73.75 with targets at 72.10 & 71.60 in extension.
Alternative scenario:
Above 73.75 look for further upside with 74.60 & 75.40 as targets.
Comment:
The RSI calls for a drop.
EUR/USD Intraday: the bias remains bullish.
Pivot:
1.0890
Our preference:
Long positions above 1.0890 with targets at 1.0945 & 1.0970 in extension.
Alternative scenario:
Below 1.0890 look for further downside with 1.0860 & 1.0830 as targets.
Comment:
The RSI is mixed to bullish.
GBP/USD Intraday: watch 1.2615.
Pivot:
1.2695
Our preference:
Short positions below 1.2695 with targets at 1.2615 & 1.2585 in extension.
Alternative scenario:
Above 1.2695 look for further upside with 1.2725 & 1.2760 as targets.
Comment:
A break below 1.2615 would trigger a drop towards 1.2585.
AUD/USD Intraday: range.
Pivot:
0.6735
Our preference:
Short positions below 0.6735 with targets at 0.6665 & 0.6635 in extension.
Alternative scenario:
Above 0.6735 look for further upside with 0.6770 & 0.6800 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 0.6735.
USD/JPY Intraday: the upside prevails.
Pivot:
142.10
Our preference:
Long positions above 142.10 with targets at 143.30 & 143.80 in extension.
Alternative scenario:
Below 142.10 look for further downside with 141.50 & 140.90 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.