Pivot: 1.3265

Our preference: Long positions above 1.3265 with targets @ 1.3325 & 1.3345 in extension.

Alternative scenario: Below 1.3265 look for further downside with 1.323 & 1.3195 as targets.

Comment: the pair failed to break frankly below its rising trend line and is challenging its resistance.

Pivot: 1.5305

Our preference: Long positions above 1.5305 with targets @ 1.552 & 1.5595 in extension.

Alternative scenario: Below 1.5305 look for further downside with 1.525 & 1.5195 as targets.

Comment: the pair is breaking above its resistance and remains on the upside.

Pivot: 0.93

Our preference: Short positions below 0.93 with targets @ 0.9225 & 0.918 in extension.

Alternative scenario: Above 0.93 look for further upside with 0.933 & 0.9355 as targets.

Comment: the pair is rebounding but stands below its resistance.

Pivot: 1.0345

Our preference: Long positions above 1.0345 with targets @ 1.044 & 1.0495 in extension.

Alternative scenario: Below 1.0345 look for further downside with 1.028 & 1.0245 as targets.

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

Pivot: 106.40

Our preference: SHORT positions below 106.4 with targets @ 104.85 & 103.75.

Alternative scenario: The upside breakout of 106.4 will open the way to 107.7 & 108.8.

Comment: as long as the resistance at 106.4 is not surpassed, the risk of the break below 104.85 remains high.

Pivot: 1291.00

Our preference: SHORT positions below 1291 with 1266 & 1244 in sight.

Alternative scenario: The upside breakout of 1291 will open the way to 1307 & 1320.

Comment: gold prices stand within a bearish channel.

Pivot: 15500

Our preference: SHORT positions below 15500 with 15395 & 15370 as next targets.

Alternative scenario: The upside breakout of 15500 will open the way to 15565 & 15600.

Comment: as long as 15500 is resistance, look for choppy price action with a bearish bias.

Pivot: 1696

Our preference: SHORT positions below 1696 with 1682 & 1677 in sight.

Alternative scenario: The upside breakout of 1696 will open the way to 1705 & 1712.

Comment: as long as 1696 is resistance, look for choppy price action with a bearish bias.