Gold                       1/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: the bias remains bullish.
Pivot: 1210.00

Our preference: LONG positions above 1210 with targets @ 1271 & 1288.

Alternative scenario: The downside breakout of 1210 will open the way to 1180 & 1150.

Comment: the price has broken above an intraday declining trend line.

Trend: ST Bearish; MT Bearish

Key levels Comment

1300** Intraday resistance
1288** Intraday resistance
1271** Intraday resistance
1242.37 Last
1210*** Intraday pivot point
1180** Intraday support
1150** Intraday support

GBP/USD               1/7/2013

1 week Trend:  (=) 1 month Trend:   (=)
GBP/USD intraday: key ST resistance at 1.528.
Pivot: 1.528

Our preference: Short positions below 1.528 with targets @ 1.5155 & 1.5135 in extension.

Alternative scenario: Above 1.528 look for further upside with 1.5345 & 1.54 as targets.

Comment: the pair stands below its resistance and remains under pressure.

Key levels
1.54
1.5345
1.528
1.5229 last
1.5155
1.5135
1.51

EUR/USD               1/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
EUR/USD intraday: key resistance at 1.3055.
Pivot: 1.3055

Our preference: Short positions below 1.3055 with targets @ 1.298 & 1.295 in extension.

Alternative scenario: Above 1.3055 look for further upside with 1.31 & 1.315 as targets.

Comment: the pair is posting a rebound but stands below its resistance, the RSI lacks upward momentum.

Key levels
1.315
1.31
1.3055
1.3044 last
1.298
1.295
1.293

Technical Analysis – Time MetaTrader4