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.
Short positions below 136.10 with targets at 135.35 & 135.10 in extension.
Long positions above 1.0610 with targets at 1.0670 & 1.0690 in extension.
Long positions above 0.6730 with targets at 0.6780 & 0.6795 in extension.
Long positions above 1.0480 with targets at 1.0800 & 1.1035 in extension.
Short positions below 136.10 with targets at 135.10 & 134.70 in extension.
Long positions above 1.1995 with targets at 1.2075 & 1.2100 in extension.
Long positions above 1.0610 with targets at 1.0670 & 1.0690 in extension.
Short positions below 1.3640 with targets at 1.3580 & 1.3555 in extension.
Short positions below 0.7000 with targets at 0.6580 & 0.6420 in extension.
Alternative scenario: the upside breakout of 1.3478 would call for 1.3506 and 1.3523.
Alternative scenario: the downside breakout of 0.6188 would call for 0.6160 and 0.6144.
Alternative scenario: below 162.78, expect 162 and 161.54.
Our preference: as long as 1.7040 is support look for 1.7200.