Gold                          16/7/2013   

1 week Trend:   (=)   1 month Trend:  (=)
GOLD‏ (Spot) intraday: the bias remains bullish.
Pivot: 1267.00

Our preference: LONG positions above 1267 with targets @ 1298 & 1327.

Alternative scenario: The downside penetration of 1267 will call for a slide towards 1247 & 1232.

Comment: the RSI is bullish and calls for further upside.

Trend: ST Ltd downside; MT Bearish

Key levels Comment

1363** Intraday resistance
1327** Fib retracement (61.8%)
1298** Previous high
1290.47 Last
1267*** Intraday pivot point
1247** Intraday support
1232** Intraday support

AUD/USD                   16/7/2013

1 week Trend:  (=)  1 month Trend:   (=)
AUD/USD intraday: turning up.
Pivot: 0.91

Our preference: Long positions above 0.91 with targets @ 0.925 & 0.9305 in extension.

Alternative scenario: Below 0.91 look for further downside with 0.903 & 0.9 as targets.

Comment: the RSI is supported by a rising trend line.

Key levels
0.934
0.9305
0.925
0.9211 last
0.91
0.903
0.9

EUR/USD                   16/7/2013
 

1 week Trend:  (=)  1 month Trend:   (=)
EUR/USD intraday: key resistance at 1.314.
Pivot: 1.314

Our preference: Short positions below 1.314 with targets @ 1.2995 & 1.295 in extension.

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

Comment: as long as 1.314 is resistance, look for choppy price action with a bearish bias.

Key levels
1.325
1.3205
1.314
1.308 last
1.2995
1.295
1.292

Technical Analysis – Time MetaTrader4