【Gold】Gold Intraday: consolidation.

Our preference

Pivot level found at 4,049.00

Short positions below 4049.00 with targets at 4000.00 & 3985.00 in extension.

Alternative scenario

Above 4049.00 look for further upside with 4080.00 & 4100.00 as targets.

Comment

As long as 4049.00 is resistance, look for choppy price action with a bearish bias.

【WTI】Crude Oil (WTI) (X5) Intraday: consolidation in place.

Our preference

Pivot level found at 62.65

Short positions below 62.65 with targets at 61.70 & 61.20 in extension.

Alternative scenario

Above 62.65 look for further upside with 62.90 & 63.20 as targets.

Comment

The RSI is bearish and calls for further downside.

【EURUSD】EUR/USD Intraday: continuation of the rebound.

Our preference

Pivot level found at 1.1615

Long positions above 1.1615 with targets at 1.1660 & 1.1680 in extension.

Alternative scenario

Below 1.1615 look for further downside with 1.1600 & 1.1580 as targets.

Comment

The RSI shows upside momentum.

【GBPUSD】GBP/USD Intraday: the bias remains bullish.

Our preference

Pivot level found at 1.3385

Long positions above 1.3385 with targets at 1.3435 & 1.3455 in extension.

Alternative scenario

Below 1.3385 look for further downside with 1.3370 & 1.3350 as targets.

Comment

The RSI calls for a rebound.

【BTCUSD】Bitcoin / USD intraday: the downside prevails as long as 123590 is resistance

Our preference 

Pivot level found at 123,590

The downside prevails as long as 123590 is resistance.

Alternative scenario

Above 123590, look for 124940 and 125740.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 123281 and 122626).