Gold                       8/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: the downside prevails.
Pivot: 1245.00

Our preference: SHORT positions below 1245 with 1208 & 1187 in sight.

Alternative scenario: The upside penetration of 1245 will call for 1259 & 1267.5.

Comment: the RSI is capped by a bearish trend line.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1267.5** Intraday resistance
1259** Intraday resistance
1245*** Intraday pivot point
1227.4 Last
1208** Intraday support
1187** Intraday support
1180** Intraday support

USD/JPY                    8/7/2013

1 week Trend:  (=)  1 month Trend:   (=)
USD/JPY intraday: further advance.
Pivot: 100.45

Our preference: Long positions above 100.45 with targets @ 101.75 & 102.2 in extension.

Alternative scenario: Below 100.45 look for further downside with 100 & 99.45 as targets.

Comment: the pair has broken above its previous high and is facing a pull back ahead of further advance.

Key levels
102.5
102.2
101.75
101.31 last
100.45
100
99.45

GBP/USD                    8/7/2013
 

1 week Trend:   (=)  1 month Trend:  (=)
GBP/USD intraday: the downside prevails.
Pivot: 1.5015

Our preference: Short positions below 1.5015 with targets @ 1.4825 & 1.474 in extension.

Alternative scenario: Above 1.5015 look for further upside with 1.508 & 1.513 as targets.

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

Key levels
1.513
1.508
1.5015
1.49 last
1.4825
1.474
1.468

EUR/USD                    8/7/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: the downside prevails.
Pivot: 1.292

Our preference: Short positions below 1.292 with targets @ 1.2795 & 1.2765 in extension.

Alternative scenario: Above 1.292 look for further upside with 1.298 & 1.304 as targets.

Comment: the pair remains on the downside and is challenging its support.

Key levels
1.304
1.298
1.292
1.28419 last
1.2795
1.2765
1.273

Technical Analysis – Time MetaTrader4