The MACD is above its signal line and negative.
The MACD must break above its zero level to call for further upside.
Alternative scenario: the downside breakout of 130.89 would call for 130.31 and 129.97.
Alternative scenario: the downside breakout of 1.2229 would call for 1.2178 and 1.2147.
The MACD is above its signal line and positive.
Alternative scenario: the downside breakout of 1.9573 would call for 1.9500 and 1.9456.
Alternative scenario: the downside breakout of 1.7106 would call for 1.7055 and 1.7025.
Alternative scenario: the downside breakout of 1.8215 would call for 1.8152 and 1.8114.
Our preference: as long as 140.45 is support look for 141.96.
Our preference: the upside prevails as long as 1.9570 is support.
Alternative scenario: the upside breakout of 132.15 would call for 132.73 and 133.08.
Our preference: the upside prevails as long as 1.7113 is support.
Our preference: the upside prevails as long as 1.2230 is support.
The configuration is negative.
Alternative scenario: the downside breakout of 1.0696 would call for 1.0663 and 1.0643.
The configuration is negative.
The MACD must break above its zero level to trigger further gains.
Alternative scenario: the downside breakout of 0.6692 would call for 0.6658 and 0.6638.
The explosive price action gold has displayed in recent days mirrors a speeding train reaching maxim...
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Short positions below 103.6500 with targets at 103.2000 & 102.9500 in extension.
Short positions below 1.3700 with targets at 1.3625 & 1.3595 in extension.
Long positions above 1.2200 with targets at 1.2300 & 1.2340 in extension.
Short positions below 0.9275 with targets at 0.9215 & 0.9200 in extension.
Short positions below 131.95 with targets at 130.50 & 129.80 in extension.
Long positions above 1.0680 with targets at 1.0760 & 1.0790 in extension.
Short positions below 1.3750 with targets at 1.3680 & 1.3655 in extension.
Short positions below 131.95 with targets at 130.30 & 129.80 in extension.
Long positions above 0.9240 with targets at 0.9320 & 0.9340 in extension.