Intraday Confluence Zones:
Technical Analysis:
EUR/USD:
Our preference: Bullish setups within 1.3525 – 1.3560 with targets @ 1.3576 & 1.3604 in extension.
Alternative scenario: Above 1.3560, watch for bullish setups with 1.3485 as target and 1.3457 in extension.
Comment: 20 MA has crossed above 50 MA on hourly chart. Hourly stochastic and RSI are overbought.
GOLD:
Our preference: Bearish setups on a pull-back move to within 1278.50 – 1294.60 with targets @ 1260.56 & 1247.92 in extension.
Alternative scenario: Above 1294.60, watch for bullish setups with 1301.46 as target and 1314.09 in extension.
Comment: Gold price remains under pressure. Hourly
stochastic and RSI are approaching oversold zone. Watch the level of
1287.32 (50% Fibonacci). |
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