Gold                      26/7/2013

1 week Trend:   (=) 1 month Trend:  (=)
GOLD‏ (Spot) intraday: bullish bias above 1324
Pivot: 1324.00

Our preference: LONG positions above 1324 with 1348 & 1357 as next targets.

Alternative scenario: The downside penetration of 1324 will call for a slide towards 1309 & 1298.

Comment: Gold prices have cleared a declining resistance line and the RSI is above its neutrality area at 50%.

Trend: ST Ltd upside; MT Bullish

Key levels Comment

1365** Horizontal resistance
1357** Horizontal resistance
1348** Intraday pivot point
1338.2 Last
1324** Intraday support
1309** Intraday support
1298*** Intraday support

GBP/USD                   26/7/2013

1 week Trend:  (=)  1 month Trend:   (=)
GBP/USD intraday: further advance.
Pivot: 1.5330.

Our preference: LONG positions above 1.533 with 1.543 & 1.5485 as next targets.

Alternative scenario: The downside penetration of 1.533 will call for a slide towards 1.5295 & 1.526.

Comment: the pair validated a Broadening Formation calling for further upside.

Trend: ST Ltd Downside; MT Bearish

Key levels Comment

1.5525** Intraday resistance
1.5485** Intraday resistance
1.543** Intraday resistance
1.5392 Last
1.533*** Intraday pivot point
1.5295** Fib retracement (50%)
1.526** Fib retracement (61.8%)

EUR/USD                   26/7/2013  
1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: bullish bias above 1.3215
Pivot: 1.3215.

Our preference: LONG positions above 1.3215 with targets @ 1.33 & 1.337.

Alternative scenario: The downside penetration of 1.3215 will call for a slide towards 1.3175 & 1.315.

Comment: the upside breakout of 1.3255 maintains a bullish bias while the pair is trading in a Broadening Formation

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.3415*** Horizontal resistance
1.337** Fib projection
1.33** Intraday resistance
1.3276 Last
1.3215*** Intraday pivot point
1.3175** Fib retracement (50%)
1.315** Fib retracement (61.8%)

Technical Analysis – Time MetaTrader4