【Gold】Gold Intraday: the upside prevails.

Our preference

Pivot level found at 3,666.00

Long positions above 3666.00 with targets at 3700.00 & 3720.00 in extension.

Alternative scenario

Below 3666.00 look for further downside with 3646.00 & 3628.00 as targets.

Comment

The RSI shows upside momentum.

.

【WTI】Crude Oil (WTI) (X5) Intraday: key resistance at 63.20.

Our preference

Pivot level found at 63.20

Short positions below 63.20 with targets at 62.20 & 61.65 in extension.

Alternative scenario

Above 63.20 look for further upside with 63.60 & 64.10 as targets.

Comment

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

【EURUSD】EUR/USD Intraday: capped by a negative trend line.

Our preference

Pivot level found at 1.1770

Short positions below 1.1770 with targets at 1.1700 & 1.1670 in extension.

Alternative scenario

Above 1.1770 look for further upside with 1.1795 & 1.1820 as targets.

Comment

The RSI lacks upward momentum.

【GBPUSD】GBP/USD Intraday: watch 1.3440.

Our preference

Pivot level found at 1.3510

Short positions below 1.3510 with targets at 1.3440 & 1.3410 in extension.

Alternative scenario

Above 1.3510 look for further upside with 1.3545 & 1.3580 as targets.

Comment

A break below 1.3440 would trigger a drop towards 1.3410.

【BTCUSD】Bitcoin / USD intraday: the downside prevails as long as 115350 is resistance

Our preference 

Pivot level found at 115,350

The downside prevails as long as 115350 is resistance.

Alternative scenario

The upside breakout of 115350, would call for 116490 and 117170.

Comment

The RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 115260 and 115507).