Daniel_Thompson

Daniel_Thompson

Pivot 19110.00 Our preference lets watch the data released during the US session. Short positions below 19110.00 with targets at 18790.00 & 18530.00 in extension. Alternative scenario Above 19110.00 look for further upside with 19220.00 & 19430.00 as targets. Comment As long as 19110.00 is resistance, look for choppy price action with a bearish...

Daniel_Thompson

Pivot 19720.00 Our preference Short positions below 19720.00 with targets at 19450.00 & 19350.00 in extension. Alternative scenario Above 19720.00 look for further upside with 19845.00 & 19900.00 as targets. Comment As long as 19720.00 is resistance, look for choppy price action with a bearish bias. Supports and...

Daniel_Thompson

Pivot 19650.00 Our preference Long positions above 19650.00 with targets at 19900.00 & 20000.00 in extension. Alternative scenario Below 19650.00 look for further downside with 19540.00 & 19450.00 as targets. Comment The next resistances are at 19900.00 and then at 20000.00. Supports and resistances 20080.00 20000.00 19900.00 19791.00...

Daniel_Thompson

Pivot 8365.00 Our preference Short positions below 8365.00 with targets at 8284.00 & 8248.00 in extension. Alternative scenario Above 8365.00 look for further upside with 8401.00 & 8433.00 as targets. Comment As long as 8365.00 is resistance, look for choppy price action with a bearish bias. Supports and resistances 8433.00 8401.00 8365.00 8325.50...

Daniel_Thompson

Pivot 7610.00 Our preference Short positions below 7610.00 with targets at 7520.00 & 7465.00 in extension. Alternative scenario Above 7610.00 look for further upside with 7661.00 & 7710.00 as targets. Comment The upward potential is likely to be limited by the resistance at 7610.00. Supports and resistances 7710.00 7661.00 7610.00 7576.00...

Daniel_Thompson

Our pivot point stands at 162.99. Our preference As long as 162.99 is support look for 165.37. Alternative scenario The downside breakout of 162.99 would call for 162.09 and 161.56. Comment The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average...

Daniel_Thompson

Pivot 18200.00 Our preference Long positions above 18400 with targets at 18640.00 & 18770.00 in extension. Alternative scenario Below 18200.00 look for further downside with 18100.00 & 18000.00 as targets. Comment The RSI is bullish and calls for further upside. Supports and resistances 18875.00 18770.00 18640.00 18559.00...

Daniel_Thompson

Pivot 19750.00 Our preference Long positions above 19750.00 with targets at 20160.00 & 20360.00 in extension. Alternative scenario Below 19700.00 look for further downside with 19680.00 & 19530.00 as targets. Comment The RSI is above its neutrality area at 50%. Supports and resistances 20490.00 20360.00 20160.00 19912.00...

Daniel_Thompson

Pivot 81.35 Our preference Short positions below 81.35 with targets at 80.20 & 79.75 in extension. Alternative scenario Above 81.50 look for further upside with 82.00 & 82.50 as targets. Comment As long as the resistance at 81.35 is not surpassed, the risk of the break below 80.20 remains high. Supports and resistances 82.50 82.00 81.35 80.93...

Daniel_Thompson

Pivot 20750.00 Our preference Short positions below 20750.00 with targets at 20560.00 & 20450.00 in extension. Alternative scenario Above 20750.00 look for further upside with 20980.00 & 21110.00 as targets. Comment The RSI lacks momentum. Supports and resistances 21110.00 20980.00 20750.00 20640.00 Last 20560.00 20450.00 20340.00 Number of...

Daniel_Thompson

Our pivot point is at 171.61. Our preference The downside prevails as long as 171.61 is resistance. Alternative scenario The upside breakout of 171.61, would call for 172.09 and 172.37. Comment The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving...

Daniel_Thompson

Pivot 0.9560 Our preference Short positions below 0.9560 with targets at 0.9505 & 0.9480 in extension. Alternative scenario Above 0.9560 look for further upside with 0.9585 & 0.9605 as targets. Comment As long as 0.9560 is resistance, look for choppy price action with a bearish bias. Supports and resistances 0.9605 0.9585 0.9560 0.9544...

Daniel_Thompson

Pivot 78.45 Our preference Short positions below 78.45 with targets at 77.70 & 77.25 in extension. Alternative scenario Above 78.45 look for further upside with 78.90 & 79.30 as targets. Comment As long as the resistance at 78.45 is not surpassed, the risk of the break below 77.70 remains high. Supports and resistances 79.30 78.90 78.45 78.10...

Daniel_Thompson

Pivot 0.9685 Our preference Short positions below 0.9685 with targets at 0.9660 & 0.9645 in extension. Alternative scenario Above 0.9685 look for further upside with 0.9705 & 0.9720 as targets. Comment As long as 0.9685 is resistance, look for choppy price action with a bearish bias. Supports and resistances 0.9720 0.9705 0.9685 0.9674...

Daniel_Thompson

Likely to rise to resistance 2385 Gold recently reversed up from the pivotal support level 2300 (which stopped the previous waves A, (4) and ii, as can be seen below). The support level 2300 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction of the previous upward impulse from March. Given the clear daily uptrend and the...

Daniel_Thompson

Pivot 74.75 Our preference Long positions above 74.75 with targets at 76.60 & 77.30 in extension. Alternative scenario Below 74.75 look for further downside with 74.15 & 73.65 as targets. Comment The break above 74.75 is a positive signal that has opened a path to 76.60. Supports and resistances 78.00 77.30 76.60 75.48 Last 74.75 74.15 73.65 Number...

Daniel_Thompson

Our pivot point is at 0.6193. Our preference Technical rebound towards 0.6193 before a new drop. Alternative scenario The upside breakout of 0.6193, would call for 0.6214 and 0.6227. Comment The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above its 20...

Daniel_Thompson

Our pivot point stands at 0.5536. Our preference The downside prevails as long as 0.5536 is resistance. Alternative scenario Above 0.5536, look for 0.5550 and 0.5559. Comment The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at...