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Gold Prices Ranging Within Bullish Channel

By FxGrowForexFeb 13, 2018 04:40AM ET
www.investing.com/analysis/fx-majors-technical-overview-for-tuesday-200289792
Gold Prices Ranging Within Bullish Channel
By FxGrow   |  Feb 13, 2018 04:40AM ET
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EUR/USD Intraday: further upside.

EUR/USD 30min Chart
EUR/USD 30min Chart


Pivot: 1.2280

Our preference: long positions above 1.2280 with targets at 1.2345 & 1.2370 in extension.

Alternative scenario: below 1.2280 look for further downside with 1.2255 & 1.2235 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:

1.2405 1.2370 1.2345

1.2320 Last seen

1.2280 1.2255 1.2235

GBP/USD Intraday: key resistance at 1.3875.

GBP/USD 30min Chart
GBP/USD 30min Chart


Pivot: 1.3875

Our preference: short positions below 1.3875 with targets at 1.3800 & 1.3760 in extension.

Alternative scenario: above 1.3875 look for further upside with 1.3915 & 1.3990 as targets.

Comment: as long as the resistance at 1.3875 is not surpassed, the risk of the break below 1.3800 remains high.

Supports and resistances:

1.3990 1.3915 1.3875

1.3835 Last seen

1.3800 1.3760 1.3690

USD/JPY Intraday: under pressure.

USD/JPY 30min Chart
USD/JPY 30min Chart


Pivot: 108.45

Our preference: short positions below 108.45 with targets at 107.30 & 107.05 in extension.

Alternative scenario: above 108.45 look for further upside with 108.85 & 109.25 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

109.25 108.85 108.45

108.00 Last seen

107.30 107.05 106.60

USD/CAD Intraday: under pressure.

usdcad 30m
usdcad 30m

Pivot: 1.2630

Our preference: short positions below 1.2630 with targets at 1.2550 & 1.2500 in extension.

Alternative scenario: above 1.2630 look for further upside with 1.2685 & 1.2725 as targets.

Comment: the RSI shows downside momentum.

Supports and resistances:

1.2725 1.2685 1.2630

1.2580 Last seen

1.2550 1.2500 1.2460


NZD/USD Intraday: further advance.

NZD/USD 30min Chart
NZD/USD 30min Chart


Pivot: 0.7250

Our preference: long positions above 0.7250 with targets at 0.7325 & 0.7350 in extension.

Alternative scenario: below 0.7250 look for further downside with 0.7230 & 0.7200 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.7380 0.7350 0.7325

0.7285 Last

0.7250 0.7230 0.7200

AUD/USD Intraday: the upside prevails.

AUD/USD 30min Chart
AUD/USD 30min Chart


Pivot: 0.7810

Our preference: long positions above 0.7810 with targets at 0.7875 & 0.7910 in extension.

Alternative scenario: below 0.7810 look for further downside with 0.7770 & 0.7735 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

0.7955 0.7910 0.7875

0.7847 Last seen

0.7810 0.7770 0.7735

Gold Spot Intraday: further upside.

Gold 30min Chart
Gold 30min Chart


Pivot: 1321.00

Our preference: long positions above 1321.00 with targets at 1332.50 & 1335.50 in extension.

Alternative scenario: below 1321.00 look for further downside with 1316.00 & 1312.00 as targets.

Comment: the RSI is supported by a bullish trend line. Prices are ranging within a bullish channel.

Supports and resistances:

1339.00 1335.50 1332.50

1326.85 Last seen

1321.00 1316.00 1312.00

Crude Oil (WTI)‏ (H18) Intraday: under pressure.

wti 30m
wti 30m


Pivot: 60.75

Our preference: short positions below 60.75 with targets at 58.75 & 58.05 in extension.

Alternative scenario: above 60.75 look for further upside with 61.35 & 62.10 as targets.

Comment: the RSI lacks upward momentum.

Supports and resistances:

62.10 61.35 60.75

59.50 Last seen

58.75 58.05 57.25

Gold Prices Ranging Within Bullish Channel
 

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Gold Prices Ranging Within Bullish Channel

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