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.
The configuration is positive.
Short positions below 0.9090 with targets at 0.9030 & 0.9000 in extension.
Short positions below 131.85 with targets at 131.20 & 130.90 in extension.
Long positions above 1.2465 with targets at 1.2525 & 1.2550 in extension.
Alternative scenario: the downside breakout of 0.8754 would call for 0.8732 and 0.8719.
Alternative scenario: the upside breakout of 144.28 would call for 144.99 and 145.41.
Alternative scenario: the downside breakout of 1.6297 would call for 1.6243 and 1.6211.
Alternative scenario: the upside breakout of 0.9928 would call for 0.9954 and 0.9969.
Long positions above 1.2465 with targets at 1.2525 & 1.2550 in extension.
Our preference: the downside prevails as long as 97.83 is resistance.
Our preference: the downside prevails as long as 145.68 is resistance.