Daniel_Thompson

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...

Daniel_Thompson

Our pivot point is at 1.7644. Our preference The downside prevails as long as 1.7644 is resistance. Alternative scenario Above 1.7644, look for 1.7680 and 1.7702. Comment The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period...

Daniel_Thompson

Pivot 18760.00 Our preference Short positions below 18760.00 with targets at 18430.00 & 18240.00 in extension. Alternative scenario Above 18760.00 look for further upside with 18880.00 & 18980.00 as targets. Comment As long as 18760.00 is resistance, look for choppy price action with a bearish bias. Supports and...

Daniel_Thompson

0.6620 is our pivot point. Our preference The downside prevails as long as 0.6620 is resistance. Alternative scenario Above 0.6620, look for 0.6632 and 0.6639. Comment The RSI is below its neutrality area at 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...

Daniel_Thompson

Pivot 0.9800 Our preference Short positions below 0.9800 with targets at 0.9750 & 0.9730 in extension. Alternative scenario Above 0.9800 look for further upside with 0.9830 & 0.9860 as targets. Comment As long as the resistance at 0.9800 is not surpassed, the risk of the break below 0.9750 remains high. Supports and...

Daniel_Thompson

Pivot 76.70 Our preference Long positions above 76.70 with targets at 77.60 & 78.10 in extension. Alternative scenario Below 76.70 look for further downside with 76.20 & 75.80 as targets. Comment The RSI is mixed to bullish. Supports and resistances 78.50 78.10 77.60 76.95 Last 76.70 76.20 75.80 Number of asterisks represents the strength of...

Daniel_Thompson

Pivot 1.0805 Our preference Long positions above 1.0805 with targets at 1.0845 & 1.0860 in extension. Alternative scenario Below 1.0805 look for further downside with 1.0785 & 1.0770 as targets. Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Supports and resistances 1.0885 1.0860 1.0845 1.0816...

Daniel_Thompson

Our pivot point stands at 0.8493. Our preference Rebound. Alternative scenario The downside breakout of 0.8493 would call for 0.8480 and 0.8473. Comment The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average...