The MACD is below its signal line and negative.
Short positions below 131.40 with targets at 130.60 & 130.30 in extension.
Short positions below 1.2490 with targets at 1.2445 & 1.2430 in extension.
Short positions below 1.0935 with targets at 1.0890 & 1.0870 in extension.
Long positions above 101.6000 with targets at 102.1000 & 102.2700 in extension.
Short positions below 1.3480 with targets at 1.3430 & 1.3410 in extension.
Our preference: the downside prevails as long as 0.6338 is resistance.
Alternative scenario: below 1.3260, expect 1.3232 and 1.3216.
Alternative scenario: below 162.80, expect 162.13 and 161.73.
Alternative scenario: the upside breakout of 1.9786 would call for 1.9855 and 1.9896.
Our preference: the downside prevails as long as 1.8580 is resistance.
Our preference: the downside prevails as long as 1.2491 is resistance.
Alternative scenario: the upside breakout of 1.7318 would call for 1.7376 and 1.7410.
Alternative scenario: the upside breakout of 1.7318 would call for 1.7376 and 1.7410.
The configuration is positive.
Alternative scenario: below 87.63, expect 87.23 and 86.99.
Alternative scenario: the downside breakout of 1.0610 would call for 1.0580 and 1.0560.
The MACD is above its signal line and negative.
Alternative scenario: the upside breakout of 143.51 would call for 144.22 and 144.64.
Our preference: the downside prevails as long as 1.7314 is resistance.
Alternative scenario: the upside breakout of 0.8764 would call for 0.8786 and 0.8799.
The Gold market was in an undisputed uptrend trend on the D1 time frame until a lower top formed at ...
The configuration is negative.
Alternative scenario: the downside breakout of 1.3234 would call for 1.3206 and 1.3189.
The configuration is positive.
Alternative scenario: the downside breakout of 143.38 would call for 142.67 and 142.25.
The MACD is negative and above its signal line.
Alternative scenario: the upside breakout of 88.35 would call for 88.75 and 88.99.