Gold                      25/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: key ST resistance at 1338
Pivot: 1338.00

Our preference: SHORT positions below 1338 with targets @ 1313 & 1298.

Alternative scenario: The upside breakout of 1338 will open the way to 1348 & 1360.

Comment: as long as the resistance at 1338 is not surpassed, the risk of the break below 1313 remains high.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

1360** Horizontal resistance
1348** Horizontal resistance
1338*** Intraday pivot point
1322.34 Last
1313** Intraday support
1298** Intraday support
1288** Intraday support

EUR/JPY              25/7/2013

1 week Trend:  (=) 1 month Trend:   (=)
EUR/JPY intraday: supported by a rising trend line.
Pivot: 131.35

Our preference: Long positions above 131.35 with targets @ 132.85 & 133.8 in extension.

Alternative scenario: Below 131.35 look for further downside with 130.6 & 130 as targets.

Comment: the next resistances are at 132.85 and then at 133.8.

Key levels
134.55
133.8
132.85
131.69 last
131.35
130.6
130

GBP/USD              25/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GBP/USD intraday: under pressure.
Pivot: 1.539

Our preference: Short positions below 1.539 with targets @ 1.5265 & 1.522 in extension.

Alternative scenario: Above 1.539 look for further upside with 1.543 & 1.5475 as targets.

Comment: the pair has pushed below a key rising trend line.

Key levels
1.5475
1.543
1.539
1.5297 last
1.5265
1.522
1.5155

EUR/USD              25/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
EUR/USD intraday: under pressure.
Pivot: 1.3255

Our preference: Short positions below 1.3255 with targets @ 1.316 & 1.3135 in extension.

Alternative scenario: Above 1.3255 look for further upside with 1.33 & 1.337 as targets.

Comment: the pair has pushed below a key rising trend line and the RSI is capped by a bearish trend line.

Key levels
1.337
1.33
1.3255
1.31865 last
1.316
1.3135
1.311

Technical Analysis – Time MetaTrader4