Gold                      10/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: further advance.
Pivot: 1232.00

Our preference: LONG positions above 1232 with 1267.5 & 1277 as next targets.

Alternative scenario: The downside penetration of 1232 will call for 1218 & 1208.

Comment: the price has broken above a declining trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1290** Intraday resistance
1277** Intraday resistance
1267.5** Intraday resistance
1246 Last
1232*** Intraday pivot point
1218** Intraday support
1208** Intraday support

USD/JPY                   10/7/2013

1 week Trend:  (=)  1 month Trend:   (=)
USD/JPY intraday: break of a ST rising trendline support.
Pivot: 100.95

Our preference: Short positions below 100.95 with targets @ 100 & 99.8 in extension.

Alternative scenario: Above 100.95 look for further upside with 101.2 & 101.5 as targets.

Comment: the pair has broken below a rising trend line and remains on the downside.

Key levels
101.5
101.2
100.95
100.545 last
100
99.8
99.45

EUR/USD                   10/7/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
EUR/USD intraday: the downside prevails.
Pivot: 1.2865

Our preference: Short positions below 1.2865 with targets @ 1.2745 & 1.265 in extension.

Alternative scenario: Above 1.2865 look for further upside with 1.292 & 1.298 as targets.

Comment: the pair is posting a rebound but stands below its new resistance.

Key levels
1.298
1.292
1.2865
1.2805 last
1.2745
1.265
1.26

AUD/USD                   10/7/2013
 

1 week Trend:  (=)  1 month Trend:  (=)
AUD/USD intraday: rebound.
Pivot: 0.913

Our preference: Long positions above 0.913 with targets @ 0.921 & 0.925 in extension.

Alternative scenario: Below 0.913 look for further downside with 0.907 & 0.903 as targets.

Comment: the pair has rebounded on its support as the RSI is reversing up.

Key levels
0.928
0.925
0.921
0.9194 last
0.913
0.907
0.903

Technical Analysis – Time MetaTrader4