Gold spot Intraday: supported by a rising trend line. | GeminiCap

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TC FX Analysis

Date：2018/11/20 Gold spot Intraday: supported by a rising trend line.

EUR/USD Intraday: the upside prevails.
Pivot: 1.1420

Our preference: long positions above 1.1420 with targets at 1.1475 & 1.1500 in extension.

Alternative scenario: below 1.1420 look for further downside with 1.1390 & 1.1365 as targets.

Comment: the break above 1.1420 is a positive signal that has opened a path to 1.1475.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

GBP/USD Intraday: the bias remains bullish.
Pivot: 1.2800

Our preference: long positions above 1.2800 with targets at 1.2880 & 1.2950 in extension.

Alternative scenario: below 1.2800 look for further downside with 1.2755 & 1.2720 as targets.

Comment: a support base at 1.2800 has formed and has allowed for a temporary stabilisation.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

AUD/USD Intraday: key resistance at 0.7310.
Pivot: 0.7310

Our preference: short positions below 0.7310 with targets at 0.7275 & 0.7250 in extension.

Alternative scenario: above 0.7310 look for further upside with 0.7335 & 0.7370 as targets.

Comment: the upward potential is likely to be limited by the resistance at 0.7310.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

USD/JPY Intraday: watch 112.00.
Pivot: 112.85

Our preference: short positions below 112.85 with targets at 112.25 & 112.00 in extension.

Alternative scenario: above 112.85 look for further upside with 113.15 & 113.45 as targets.

Comment: the RSI is bearish and calls for further downside.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Gold spot Intraday: supported by a rising trend line.
Pivot: 1219.00

Our preference: long positions above 1219.00 with targets at 1229.00 & 1232.00 in extension.

Alternative scenario: below 1219.00 look for further downside with 1216.50 & 1213.50 as targets.

Comment: the RSI lacks downward momentum.

Green Lines Represent Resistances | Red Lines Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

Any information contained in this report should not be deemed to constitute investment advice and should not be relied upon as the basis for a decision to place a trade, or as the basis for any financial or investment decision.

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