Gold spot Intraday: the bias remains bullish.
Pivot: 1291
Our preference: Long positions above 1291 with targets @ 1324 & 1333 in extension.
Alternative scenario: Below 1291 look for further downside with 1285 & 1265 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
R3…1345
R2…1333
R1…1324
1307.2 Last
S1…1291
S2…1285
S3…1265
Silver spot Intraday: bullish bias above 20.55.
Pivot: 20.55
Our preference: Long positions above 20.55 with targets @ 21.32 & 21.57 in extension.
Alternative scenario: Below 20.55 look for further downside with 20.4 & 20.1 as targets.
Comment: A support base at 20.55 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
R3…21.78
R2…21.57
R1…21.32
20.924 Last
S1…20.55
S2…20.4
S3…20.1
EUR/USD Intraday: under pressure.
Pivot: 1.3545
Our preference: Short positions below 1.3545 with targets @ 1.349 & 1.3465 in extension.
Alternative scenario: Above 1.3545 look for further upside with 1.3575 & 1.359 as targets.
Comment: As long as 1.3545 is resistance, likely decline to 1.349. A false upward breakout is identified, this calls for a downmove.
Supports and resistances:
R3…1.359
R2…1.3575
R1…1.3545
1.3525 Last
S1…1.349
S2…1.3465
S3…1.3445
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Forex Technical Analysis : EUR/USD Gold & Silver Spot 22/07/2557
Pivot: 1291
Our preference: Long positions above 1291 with targets @ 1324 & 1333 in extension.
Alternative scenario: Below 1291 look for further downside with 1285 & 1265 as targets.
Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
R3…1345
R2…1333
R1…1324
1307.2 Last
S1…1291
S2…1285
S3…1265
Silver spot Intraday: bullish bias above 20.55.
Pivot: 20.55
Our preference: Long positions above 20.55 with targets @ 21.32 & 21.57 in extension.
Alternative scenario: Below 20.55 look for further downside with 20.4 & 20.1 as targets.
Comment: A support base at 20.55 has formed and has allowed for a temporary stabilisation.
Supports and resistances:
R3…21.78
R2…21.57
R1…21.32
20.924 Last
S1…20.55
S2…20.4
S3…20.1
EUR/USD Intraday: under pressure.
Pivot: 1.3545
Our preference: Short positions below 1.3545 with targets @ 1.349 & 1.3465 in extension.
Alternative scenario: Above 1.3545 look for further upside with 1.3575 & 1.359 as targets.
Comment: As long as 1.3545 is resistance, likely decline to 1.349. A false upward breakout is identified, this calls for a downmove.
Supports and resistances:
R3…1.359
R2…1.3575
R1…1.3545
1.3525 Last
S1…1.349
S2…1.3465
S3…1.3445
Copyright 1999 - 2014 TRADING CENTRAL
http://www.thaiforex24.com/exness24
https://www.facebook.com/groups/forexsuccesshi
http://www.thaiforex24.com