Fedtm
Gold spot Intraday buyPivot: 1631.00
Our preference:
long positions above 1631.00 with targets at 1649.00 & 1660.00 in extension.
Alternative scenario:
below 1631.00 look for further downside with 1623.00 & 1611.00 as targets.
Comment:
the RSI lacks downward momentum.
EUR/AUD intraday buyOur pivot point is at 1.6862.
Our preference:
as long as 1.6862 is support look for 1.7039.
Alternative scenario:
below 1.6862, expect 1.6813 and 1.6783.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.6922 and 1.6850).
EUR/GBP intraday buyOur pivot point is at 0.8598.
Our preference:
as long as 0.8598 is support look for 0.8664.
Alternative scenario:
the downside breakout of 0.8598 would call for 0.8573 and 0.8559.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 0.8618 and 0.8591).
