GOLD (Spot) intraday: further upside

Gold201352413200Pivot: 1377.00

Our preference: LONG positions above 1377 with targets @ 1398 & 1419.

Alternative scenario: The downside penetration of 1377 will call for a slide towards 1354 & 1336.

Comment: the next resistances are at 1398 and then at 1419.

Trend: ST Bearish; MT Bearish

Key levels Comment

1430** Fib retracement (61.8%)
1419*** Intraday resistance
1398** Intraday resistance
1387 Last
1377** Intraday pivot point
1354** Intraday support
1336** Intraday support

GBP/USD intraday: intraday support around 1.5050

GBPUSD201352417591Pivot: 1.505

Our preference: Long positions above 1.505 with targets @ 1.5155 & 1.522 in extension.

Alternative scenario: Below 1.505 look for further downside with 1.501 & 1.4955 as targets.

Comment: the pair has rebounded on its new support and remains on the upside. Continue reading

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