Gold                      11/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: the bias remains bullish.
Pivot: 1247.00

Our preference: LONG positions @ 1265 with 1300 & 1327 as next targets.

Alternative scenario: The downside penetration of 1247 will call for 1228 & 1208.

Comment: the price cleared a resistance at 1267. Eye an extension of the recovery towards 1327.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1363** Intraday resistance
1327** Fib retracement (61.8%)
1300** Fib retracement (50%)
1284.34 Last
1247*** Intraday pivot point
1228** Fib retracement (61.8%)
1208** Intraday support

USD/JPY                   11/7/2013  
1 week Trend:  (=)  1 month Trend:   (=)
USD/JPY intraday: caution.
Pivot: 99.55

Our preference: Short positions below 99.55 with targets @ 98.2 & 97.6 in extension.

Alternative scenario: Above 99.55 look for further upside with 100 & 100.45 as targets.

Comment: the pair is posting a rebound and is challenging its resistance, caution.

Key levels
100.45
100
99.55
99.39 last
98.2
97.6
96.9

GBP/USD                   11/7/2013

1 week Trend:   (=)  1 month Trend:  (=)
GBP/USD intraday: caution.
Pivot: 1.505

Our preference: Long positions above 1.505 with targets @ 1.52 & 1.5235 in extension.

Alternative scenario: Below 1.505 look for further downside with 1.5 & 1.491 as targets.

Comment: the pair is facing a pull back on its support, caution.

Key levels
1.5295
1.5235
1.52
1.5071 last
1.505
1.5
1.491

EUR/USD                   11/7/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: under pressure.
Pivot: 1.314

Our preference: Short positions below 1.314 with targets @ 1.299 & 1.295 in extension.

Alternative scenario: Above 1.314 look for further upside with 1.3205 & 1.325 as targets.

Comment: the pair stands below its new resistance and remains under pressure, the RSI is badly directed.

Key levels
1.325
1.3205
1.314
1.30413 last
1.299
1.295
1.2915

Technical Analysis – Time MetaTrader4