Alternative scenario: below 0.8754, expect 0.8732 and 0.8719.
Our preference: as long as 144.57 is support look for 146.62.
Alternative scenario: the downside breakout of 1.7432 would call for 1.7373 and 1.7338.
The MACD is below its signal line and positive.
Short positions below 0.6660 with targets at 0.6630 & 0.6615 in extension.
Long positions above 133.00 with targets at 133.85 & 134.20 in extension.
Short positions below 1.2405 with targets at 1.2360 & 1.2345 in extension.
Short positions below 1.0885 with targets at 1.0845 & 1.0830 in extension.
Long positions above 102.2700 with targets at 102.8000 & 103.0000 in extension.
Our preference: as long as 1.3298 is support look for 1.3376.
Our preference: as long as 164.73 is support look for 166.62.
Alternative scenario: the downside breakout of 0.6195 would call for 0.6166 and 0.6149.
The MACD is above its signal line and negative.
Our preference: as long as 144.41 is support look for 146.38.
Alternative scenario: below 88.35, expect 87.95 and 87.70.
Alternative scenario: the downside breakout of 1.3309 would call for 1.3281 and 1.3264.
Alternative scenario: the downside breakout of 82.71 would call for 82.36 and 82.16.
Our preference: rebound towards 0.6266.
The configuration is positive.
Alternative scenario: the downside breakout of 1.9859 would call for 1.9790 and 1.9749.
Our preference: as long as 1.8600 is support look for 1.8741.
Alternative scenario: the downside breakout of 1.2344 would call for 1.2305 and 1.2281.
Alternative scenario: the downside breakout of 164.78 would call for 164.10 and 163.70.
The MACD is below its signal line and positive.
Long positions above 1.3520 with targets at 1.3560 & 1.3580 in extension.
Long positions above 0.9080 with targets at 0.9140 & 0.9160 in extension.
Gold prices shed as much as 1% on Monday morning after closing above the psychological $2000 level l...
Short positions below 0.6690 with targets at 0.6650 & 0.6630 in extension.
The pair could retrace.
Our preference: the upside prevails as long as 0.6222 is support.