Sample Category Title

Pivot (invalidation): 1.3120

Our preference Long positions above 1.3120 with targets at 1.3165 & 1.3190 in extension.

Alternative scenario Below 1.3120 look for further downside with 1.3100 & 1.3085 as targets.

Comment The RSI calls for a new upleg.

Pivot (invalidation): 1.0010

Our preference Short positions below 1.0010 with targets at 0.9985 & 0.9970 in extension.

Alternative scenario Above 1.0010 look for further upside with 1.0020 & 1.0035 as targets.

Comment As Long as the resistance at 1.0010 is not surpassed, the risk of the break below 0.9985 remains high.

Pivot (invalidation): 110.05

Our preference Short positions below 110.05 with targets at 109.60 & 109.40 in extension.

Alternative scenario Above 110.05 look for further upside with 110.20 & 110.45 as targets.

Comment The RSI lacks upward momentum.

Pivot (invalidation): 1.2995

Our preference Short positions below 1.2995 with targets at 1.2925 & 1.2890 in extension.

Alternative scenario Above 1.2995 look for further upside with 1.3025 & 1.3055 as targets.

Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Pivot (invalidation): 1.1420

Our preference Short positions below 1.1420 with targets at 1.1390 & 1.1370 in extension.

Alternative scenario Above 1.1420 look for further upside with 1.1440 & 1.1460 as targets.

Comment A break below 1.1390 would trigger a drop towards 1.1370.

Pivot (invalidation): 54.40

Our preference Short positions below 54.40 with targets at 53.30 & 52.50 in extension.

Alternative scenario Above 54.40 look for further upside with 55.20 & 55.75 as targets.

Comment A break below 53.30 would trigger a drop towards 52.50.

Pivot (invalidation): 15.7700

Our preference Long positions above 15.7700 with targets at 15.9300 & 15.9700 in extension.

Alternative scenario Below 15.7700 look for further downside with 15.7400 & 15.6600 as targets.

Comment Intraday technical indicators are mixed and call for caution.

Pivot (invalidation): 1311.00

Our preference Long positions above 1311.00 with targets at 1317.00 & 1319.50 in extension.

Alternative scenario Below 1311.00 look for further downside with 1308.50 & 1305.50 as targets.

Comment The RSI lacks downward momentum.

XAUUSD (1314.09): Gold prices attempted to post a recovery but price action stalled near the resistance area of 1316. After briefly testing this resistance area, gold prices are currently trading flat. The consolidation could eventually break down lower. The possible bearish flag pattern which looks to be forming below 1316 could see gold prices testing lows of 1297. Alternately, to the upside, the gains face a limit unless gold breaks out above the resistance area of 1321 - 1316 level.

AUDUSD (0.7179): The Australian dollar attempted to rally on the intraday, testing highs of 0.7264. However, price action reversed the gains and fell back to the support level of 0.7191. At the time of writing, the AUDUSD currency pair briefly tested below the support level. A confirmed breach of this support could potentially post a decline toward the 0.7022 support. However, we expect to see some consolidation taking place near the support ahead of further declines