Alternative scenario: the downside breakout of 144.70 would call for 144.13 and 143.79.
Our preference: rebound towards 104.94.
The pair could retrace.
Short positions below 104.7200 with targets at 104.3500 & 104.1500 in extension.
Long positions above 1.3580 with targets at 1.3640 & 1.3660 in extension.
Short positions below 0.9380 with targets at 0.9305 & 0.9280 in extension.
Short positions below 1.2050 with targets at 1.1990 & 1.1960 in extension.
Long positions above 135.60 with targets at 136.20 & 136.45 in extension.
Long positions above 1.0620 with targets at 1.0690 & 1.0705 in extension.
Short positions below 0.6760 with targets at 0.6710 & 0.6695 in extension.
Long positions above 1.3580 with targets at 1.3640 & 1.3660 in extension.
Short positions below 0.9380 with targets at 0.9305 & 0.9280 in extension.
Short positions below 1.2050 with targets at 1.1960 & 1.1925 in extension.
Long positions above 135.60 with targets at 136.45 & 136.75 in extension.
Long positions above 1.0610 with targets at 1.0655 & 1.0670 in extension.
Short positions below 0.6760 with targets at 0.6710 & 0.6695 in extension.
Alternative scenario: above 0.6207, look for 0.6234 and 0.6251.
Alternative scenario: the upside breakout of 163.98 would call for 164.76 and 165.22.
Alternative scenario: the upside breakout of 163.98 would call for 164.76 and 165.22.
Alternative scenario: below 144.01, expect 143.44 and 143.11.
The configuration is positive.
Our preference: the downside prevails as long as 91.86 is resistance.
Alternative scenario: below 0.8828, expect 0.8807 and 0.8794.
Our preference: the downside prevails as long as 0.9960 is resistance.
Our preference: the upside prevails as long as 1.3432 is support.
After securing its best week since mid-January, could gold prices be gearing up for more upside? The...
Short positions below 1.3620 with targets at 1.3580 & 1.3555 in extension.
Short positions below 0.9380 with targets at 0.9305 & 0.9280 in extension.
Long positions above 1.1995 with targets at 1.2075 & 1.2100 in extension.