Pivot: 1.3450.
Most Likely Scenario: SHORT positions @ 1.344 with 1.335 & 1.3305 as next targets.
Alternative scenario: The upside breakout of 1.345 will open the way to 1.3485 & 1.352.
Comment: The RSI is capped by a bearish trend line.
Trend: ST Consolidation; MT Bearish
GBP/USD INTRADAY: KEY ST RESISTANCE AT 1.5725
Pivot: 1.5725.
Most Likely Scenario: SHORT positions below 1.5725 with 1.5635 & 1.559 as next targets.
Alternative scenario: The upside penetration of 1.5725 will call for a rebound towards 1.575 & 1.578.
Comment: As long as 1.5725 is resistance, look for choppy price action with a bearish bias.
| GOLD (SPOT) INTRADAY: THE BIAS REMAINS BULLISH. |
Pivot: 1728.00
Most Likely Scenario: LONG positions above 1728 with targets @ 1746 & 1754.
Alternative scenario: The downside breakout of 1728 will open the way to 1722 & 1700.
Comment: The RSI advocates for further advance.
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