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GOLD DAILY SHORT ANALYSISβ˜‘οΈβ˜‘οΈ

Intraday: further upside.

XAU/USD may rise 7.00-17.00 USD

OUR PREFERENCE

Long positions above 2028.00 with targets at 2055.00 & 2065.00 in extension.

2075.00 Resistance...
2065.00 Resistance..
2055.00 Resistance.

2048.00 Last

2028.00 Pivot

2028.00 Support.
2018.00 Support..
2008.00 Support...

COMMENT

The RSI shows upside momentum.
NASDAQ DAILY SHORT ANALYSIS β˜‘οΈβ˜‘οΈ

Intraday: range.

USTEC may rise 89.00- 149.00 USD

OUR PREFERENCE

Long positions above 15920.00 with targets at 16060.00 & 16120.00 in extension.

16250.0 Resistance ...
16120.0 Resistance..
16060.0 Resistance.

15971.0 Last

15920.0 Pivot

15920.0 Support.
15860.0 Support..
15750.0 Support

COMMENT

A support base at 15920.00 has formed and has allowed for a temporary stabilisation.
GOLD DAILY SHORT ANALYSISβ˜‘οΈβ˜‘οΈ

Intraday: bullish bias above 2034.00.

XAU/USD may rise 7.51 15.51 USD

OUR PREFERENCE

Long positions above 2034.00 with targets at 2052.00 & 2060.00 in extension.

2070.00 Resistance...
2060.00 Resistance..
2052.00 Resistance.

2044.49 Last

2034.00 Pivot

2034.00 Support.
2028.00 Support..
2020.00 Support ...

COMMENT

The immediate trend remains up but the momentum is weak.
NASDAQ DAILY SHORT ANALYSISβ˜‘οΈβ˜‘οΈ

Intraday: under pressure.

USTEC may fall 68.00 128.00 USD

OUR PREFERENCE

Short positions below 16060.00 with targets at 15920.00 & 15860.00 in extension.

16250.0 Resistance...
16160.0 Resistance..
16060.0 Resistance.

15988.0 Last

16060.0 Pivot

15920.0 Support.
15860.0 Support..
15750.0 Support ...

COMMENT

The RSI is below its neutrality area at 50%..
XAU/USD may fall 5.00-11.00 USD

OUR PREFERENCE

Short positions below 2008.00 with targets at 1994.00 & 1988.00 in extension.

2020.00 Resistance...
2014.00 Resistance..
2008.00 Resistance.

1999.00 Last

2008.00 Pivot

1994.00 Support.
1988.00 Support..
1982.00 Support ...

COMMENT

The RSI calls for a drop.
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GOLD DAILY SHORT ANALYSISβ˜‘οΈβ˜‘οΈ

Intraday: key resistance at 2029.00.

XAU/USD may fall 7.00-15.00 USD

OUR PREFERENCE

Short positions below 2029.00 with targets at 2016.00 & 2008.00 in extension.

2048.00 Resistance ...
2038.00 Resistance..
2029.00 Resistance.

2023.00 Last

2029.00 Pivot

2016.00 Support.
2008.00 Support..
2000.00 Support ...

COMMENT

Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

ALTERNATIVE SCENARIO

Above 2029.00 look for further upside with 2038.00 & 2048.00 as targets.
GOLD DAILY SHORT ANALYSISβ˜‘οΈβ˜‘οΈ

Intraday: bullish bias above 2033.00.

XAU/USD may rise 7.00-13.00 USD

OUR PREFERENCE

Long positions above 2033.00 with targets at 2047.00 & 2053.00 in extension.

2060.00 Resistance...
2053.00 Resistance..
2047.00 Resistance.

2040.00 Last

2033.00 Pivot

2033.00 Support.
2027.00 Support..
2022.00 Support ...

COMMENT The RSI is mixed with a bullish bias.
XAU/USD may rise 7.61 13.61 USD

OUR PREFERENCE

Long positions above 2039.00 with targets at 2057.00 & 2063.00 in extension.

2070.00 Resistance...
2063.00 Resistance..
2057.00 Resistance.

2049.39 Last

2039.00 Pivot

2039.00 Support.
2033.00 Support..
2027.00 Support ...

COMMENT

The RSI shows upside momentum.

ALTERNATIVE SCENARIO

Below 2039.00 look for further downside with 2033.00 & 2027.00 as targets.
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