Pivot: 1.3005

Our preference: Long positions above 1.3005 with targets @ 1.3085 & 1.3115 in extension.

Alternative scenario: Below 1.3005 look for further downside with 1.2965 & 1.2945 as targets.

Comment: the pair has broken above a falling wedge upper boundary and remains on the upside.

Pivot: 1.537

Our preference: Long positions above 1.537 with targets @ 1.545 & 1.547 in extension.

Alternative scenario: Below 1.537 look for further downside with 1.533 & 1.5305 as targets.

Comment: the pair has broken above its resistance and remains on the upside but the RSI is overbought.

Pivot: 0.9495

Our preference: Short positions below 0.9495 with targets @ 0.941 & 0.938 in extension.

Alternative scenario: Above 0.9495 look for further upside with 0.9525 & 0.9555 as targets.

Comment: the pair has broken below its support and remains under pressure.

Pivot: 1.025

Our preference: Short positions below 1.025 with targets @ 1.02 & 1.0185 in extension.

Alternative scenario: Above 1.025 look for further upside with 1.028 & 1.03 as targets.

Comment: as long as 1.025 is resistance, look for choppy price action with a bearish bias.

Pivot: 90.30

Our preference: LONG positions above 90.3 with 92.1 & 93.4 in sight.

Alternative scenario: The downside penetration of 90.3 will call for 89.3 & 87.8.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Pivot: 1426.00

Our preference: LONG positions @ 1434 with targets @ 1470 & 1507.

Alternative scenario: The downside penetration of 1426 will call for 1404 & 1391.

Comment: Gold prices are supported by a rising trend line and the 50 moving average is heading up. The upside prevails, as long as 1426 is support.

Pivot: 14545

Our preference: LONG positions above 14545 with targets @ 14720 & 14770.

Alternative scenario: The downside penetration of 14545 will call for a slide towards 14470 & 14390.

Comment: the RSI lacks downward momentum.

Pivot: 1568

Our preference: LONG positions above 1568 with 1586 & 1593 in sight.

Alternative scenario: The downside penetration of 1568 will call for a slide towards 1561 & 1556.

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