GOLD:
Pivot: 1355.00 Our Preference: SHORT positions below 1355 with targets @ 1325 & 1315. Alternative scenario: The upside penetration of 1355 will call for a rebound towards 1365 & 1375. Comment: the RSI advocates for further decline. |
Pivot: 1.3875
Our preference: Short positions below 1.3875 with targets @ 1.379 & 1.3735 in extension.
Alternative scenario: Above 1.3875 look for further upside with 1.3925 & 1.3975 as targets.
Comment: the RSI is badly directed, the pair is under pressure and should reach its next support.
GBPUSD Pivot: 1.587Our preference: Long positions above 1.587 with targets @ 1.593 & 1.5975 in extension. Alternative scenario: Below 1.587 look for further downside with 1.581 & 1.5775 as targets. Comment: the pair is pulling back on its support ahead of a rebound. |