Pivot: 1.279

Our preference: Long positions above 1.279 with targets @ 1.2845 & 1.2875 in extension.

Alternative scenario: Below 1.279 look for further downside with 1.277 & 1.2745 as targets.

Comment: the pair is rebounding on its new support as the RSI is well directed.

Pivot: 1.5135

Our preference: Short positions below 1.5135 with targets @ 1.506 & 1.502 in extension.

Alternative scenario: Above 1.5135 look for further upside with 1.5175 & 1.522 as targets.

Comment: the pair has struck against its resistance and remains under pressure, the RSI stands around its neutrality area.

Pivot: 0.9475

Our preference: Long positions above 0.9475 with targets @ 0.9525 & 0.955 in extension.

Alternative scenario: Below 0.9475 look for further downside with 0.945 & 0.9435 as targets.

Comment: the pair is rebounding on its support, the RSI is reversing up.

Pivot: 1.016

Our preference: Short positions below 1.016 with targets @ 1.012 & 1.0095 in extension.

Alternative scenario: Above 1.016 look for further upside with 1.018 & 1.02 as targets.

Comment: the pair has struck against its resistance and remains under pressure, the RSI is badly directed.

Pivot: 97.85

Our preference: SHORT positions below 97.85 with 95.9 & 95.25 in sight.

Alternative scenario: The upside penetration of 97.85 will call for 98.35 & 98.95.

Comment: as long as the resistance at 97.85 is not surpassed, the risk of the break below 95.9 remains high.

Pivot: 1577.50

Our preference: SHORT positions below 1577.5 with 1561 & 1556 in sight.

Alternative scenario: The upside breakout of 1577.5 will open the way to 1584 & 1590.

Comment: the descending 50 moving average suggests that the gold still has potential for a decline.

Pivot: 14510

Our preference: LONG positions above 14510 with 14650 & 14715 as next targets.

Alternative scenario: The downside breakout of 14510 will open the way to 14455 & 14390.

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

Pivot: 1559

Our preference: LONG positions above 1559 with targets @ 1570 & 1574.

Alternative scenario: The downside penetration of 1559 will call for a slide towards 1552 & 1546.

Comment: technically, the RSI is above its neutrality area at 50.