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.
Alternative scenario: the upside breakout of 1.3313 would call for 1.3341 and 1.3358.
Alternative scenario: the downside breakout of 143.56 would call for 142.85 and 142.42.
Our preference: under pressure below 1.7505.
Alternative scenario: the downside breakout of 87.86 would call for 87.46 and 87.22.
Alternative scenario: the upside breakout of 0.8791 would call for 0.8812 and 0.8825.
Alternative scenario: the upside breakout of 82.84 would call for 83.18 and 83.39.
Alternative scenario: below 1.9836, expect 1.9767 and 1.9726.
Alternative scenario: the downside breakout of 1.8597 would call for 1.8544 and 1.8513.
The MACD must break above its zero level to trigger further gains.
Alternative scenario: the downside breakout of 1.1219 would call for 1.1183 and 1.1161.
Alternative scenario: the downside breakout of 1.447 would call for 1.444 and 1.442.
The pair could retrace.
Alternative scenario: below 1.463, expect 1.457 and 1.454.