Pivot: 1.3235

Our preference: Short positions below 1.3235 with targets @ 1.314 & 1.31 in extension.

Alternative scenario: Above 1.3235 look for further upside with 1.328 & 1.332 as targets.

Comment: the pair is posting a rebound but stands below its new resistance.

Pivot: 1.558

Our preference: Short positions below 1.558 with targets @ 1.548 & 1.5425 in extension.

Alternative scenario: Above 1.558 look for further upside with 1.562 & 1.569 as targets.

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

Pivot: 0.9335

Our preference: Long positions above 0.9335 with targets @ 0.944 & 0.9475 in extension.

Alternative scenario: Below 0.9335 look for further downside with 0.93 & 0.9245 as targets.

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

Pivot: 1.023

Our preference: Short positions below 1.023 with targets @ 1.014 & 1.01 in extension.

Alternative scenario: Above 1.023 look for further upside with 1.028 & 1.0355 as targets.

Comment: the RSI is capped by a declining trend line and the 1.023 resistance area maintains a bearish bias.

Pivot: 95.25

Our preference: LONG positions above 95.25 with 96.7 & 97.3 as next targets.

Alternative scenario: The downside penetration of 95.25 will call for a slide towards 93.75 & 92.4.

Comment: the RSI is mixed and calls for caution.

Pivot: 1406.00

Our preference: SHORT positions below 1406 with 1374 & 1354 in sight.

Alternative scenario: The upside penetration of 1406 will call for a rebound towards 1423 & 1445.

Comment: gold prices have broken below the channel support. The 50 moving average is heading down. The downside prevails, as long as 1406 is resistance.

Pivot: 15040

Our preference: LONG positions above 15040 with 15285 & 15390 in sight.

Alternative scenario: The downside penetration of 15040 will call for 14820 & 14740.

Comment: the RSI lacks momentum.

Pivot: 1617

Our preference: LONG positions above 1617 with 1647 & 1659 in sight.

Alternative scenario: The downside penetration of 1617 will call for a slide towards 1595 & 1590.

Comment: the RSI advocates for further advance.