Pivot: 1.346
Most Likely Scenario: Short positions below 1.346 with targets @ 1.336 & 1.331 in extension.
Alternative scenario: Above 1.346 look for further upside with 1.354 & 1.3615 as targets.
Comment: The pair has broken below its strong support and should face further weakness as the RSI is badly directed.
| GBP/USD INTRADAY: THE DOWNSIDE PREVAILS. |
Pivot: 1.5625
Most Likely Scenario: Short positions below 1.5625 with targets @ 1.55 & 1.5435 in extension.
Alternative scenario: Above 1.5625 look for further upside with 1.569 & 1.574 as targets.
Comment: The pair has struck against its new resistance and should face further weakness.
| GOLD (SPOT) INTRADAY: TOWARDS 1667 |
Pivot: 1712.00
Most Likely Scenario: SHORT positions below 1712 with 1676 & 1667 in sight.
Alternative scenario: The upside breakout of 1712 will open the way to 1725 & 1735.
Comment: A bearish flag pattern is confirmed, eye a drop toward 1667. |
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