born2trade
VIP GROUP
GOLD
Pivot: 1376.
Our Preference: As long as 1376 is resistance look for a drop towards 1273 1180.
Alternative scenario: An upside breakout of 1376 would open the way towards 1522.
Comment: a bearish flag pattern is confirmed, calling for a new down leg. The 20-day moving average crossed below the 50-day moving average (death cross).
Trend: ST Bearish; MT Bearish, we have been bearish since 13 SEP 2013 (1310).
Key levels Comment
1522 Key horizontal resistance1434 Horizontal resistance1376 Pivot point1290 Last1273 Horizontal support1180 Horizontal support1080 Horizontal support
GBPUSD
Pivot: 1.622
Our preference: Short positions below 1.622 with targets @ 1.616 1.612 in extension.
Alternative scenario: Above 1.622 look for further upside with 1.626 1.63 as targets.
Comment: the pair has broken below a bullish channel lower boundary and is pulling back below its resistance.
Key levels1.631.6261.6221.6192 last1.6161.6121.607
EURUSD
Pivot: 1.3535
Our preference: Short positions below 1.3535 with targets @ 1.349 1.347 in extension.
Alternative scenario: Above 1.3535 look for further upside with 1.356 1.3585 as targets.
Comment: the pair has broken below a rising trend line and remains under pressure.
Key levels1.35851.3561.35351.35122 last1.3491.3471.3455