Alternative scenario: the downside breakout of 140.46 would call for 139.92 and 139.60.
Alternative scenario: below 88.01, expect 87.66 and 87.45.
Alternative scenario: the downside breakout of 1.7116 would call for 1.7065 and 1.7035.
Alternative scenario: the upside breakout of 1.3400 would call for 1.3431 and 1.3449.
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.