Pivot: 1.2885

Our preference: Long positions above 1.2885 with targets @ 1.298 & 1.304 in extension.

Alternative scenario: Below 1.2885 look for further downside with 1.284 & 1.2815 as targets.

Comment: the pair is facing a pull back on its support, the RSI is reversing up from its oversold area.

Pivot: 1.5105

Our preference: Long positions above 1.5105 with targets @ 1.52 & 1.5235 in extension.

Alternative scenario: Below 1.5105 look for further downside with 1.5065 & 1.5045 as targets.

Comment: the pair is breaking above its resistance and should post further advance as the RSI is well directed.

Pivot: 0.949

Our preference: Short positions below 0.949 with targets @ 0.9415 & 0.9375 in extension.

Alternative scenario: Above 0.949 look for further upside with 0.953 & 0.9565 as targets.

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

Pivot: 1.0255

Our preference: Short positions below 1.0255 with targets @ 1.0195 & 1.018 in extension.

Alternative scenario: Above 1.0255 look for further upside with 1.0275 & 1.0295 as targets.

Comment: the pair has broken below its support and remains on the downside.

Pivot: 93.90

Our preference: SHORT positions below 93.9 with 92.4 & 91.6 as next targets.

Alternative scenario: The upside penetration of 93.9 will call for 94.45 & 94.9.

Comment: as long as the resistance at 93.9 is not surpassed, the risk of the break below 92.4 remains high.

Pivot: 1600.00

Our preference: LONG positions above 1600 with 1614 & 1619 in sight.

Alternative scenario: The downside penetration of 1600 will call for 1590 & 1584.

Comment: gold prices are bouncing off the 1600 support. The RSI is above its neutrality area at 50%.

Pivot: 14355

Our preference: LONG positions @ 14405 with 14480 & 14520 as next targets.

Alternative scenario: The downside penetration of 14355 will call for a slide towards 14305 & 14270.

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

Pivot: 1541

Our preference: LONG positions above 1541 with targets @ 1559 & 1564.

Alternative scenario: The downside penetration of 1541 will call for a slide towards 1532 & 1529.

Comment: the RSI is mixed.