GOLD remains vulnerable with eyes key support at 1,302.00 zone. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level...
2018 showed a real GDP gain of 2.5%, a level not seen since 2010’s 3% and despite a slight decline in Q3. Still, the outlook for the coming months is less rosy. A downturn that started in the second half of 2018 is continuing...
Pivot (invalidation): 56.30 Our preference Long positions above 56.30 with targets at 57.40 & 57.80 in extension. Alternative scenario Below 56.30 look for further downside with 56.05 & 55.70 as targets...
Pivot (invalidation): 15.8200 Our preference Short positions below 15.8200 with targets at 15.6700 & 15.5700 in extension. Alternative scenario Above 15.8200 look for further upside with 15.8900 & 15.9400 as targets...
Pivot (invalidation): 1322.50 Our preference Short positions below 1322.50 with targets at 1316.00 & 1314.00 in extension. Alternative scenario Above 1322.50 look for further upside with 1325.50 & 1329.00 as targets...
Pivot (invalidation): 2775.00 Our preference Long positions above 2775.00 with targets at 2814.00 & 2831.00 in extension. Alternative scenario Below 2775.00 look for further downside with 2758.00 & 2730.00 as targets...
Pivot (invalidation): 11557.00 Our preference Short positions below 11557.00 with targets at 11440.00 & 11380.00 in extension. Alternative scenario Above 11557.00 look for further upside with 11591.00 & 11640.00 as targets...
Pivot (invalidation): 5.3050 Our preference Long positions above 5.3050 with targets at 5.3300 & 5.3410 in extension. Alternative scenario Below 5.3050 look for further downside with 5.2970 & 5.2860 as targets...
Pivot (invalidation): 0.7165 Our preference Short positions below 0.7165 with targets at 0.7125 & 0.7100 in extension. Alternative scenario Above 0.7165 look for further upside with 0.7180 & 0.7200 as targets...
Pivot (invalidation): 1.3165 Our preference Short positions below 1.3165 with targets at 1.3125 & 1.3110 in extension. Alternative scenario Above 1.3165 look for further upside with 1.3190 & 1.3210 as targets...
Pivot (invalidation): 1.0015 Our preference Short positions below 1.0015 with targets at 0.9975 & 0.9955 in extension. Alternative scenario Above 1.0015 look for further upside with 1.0030 & 1.0045 as targets...
Pivot (invalidation): 110.70 Our preference Long positions above 110.70 with targets at 111.05 & 111.20 in extension. Alternative scenario Below 110.70 look for further downside with 110.50 & 110.30 as targets...
Pivot (invalidation): 1.3285 Our preference Long positions above 1.3285 with targets at 1.3350 & 1.3375 in extension. Alternative scenario Below 1.3285 look for further downside with 1.3260 & 1.3230 as targets...
Pivot (invalidation): 1.1360 Our preference Long positions above 1.1360 with targets at 1.1400 & 1.1415 in extension. Alternative scenario Below 1.1360 look for further downside with 1.1345 & 1.1325 as targets...
Pivot (invalidation): 55.40 Our preference Long positions above 55.40 with targets at 56.65 & 56.95 in extension. Alternative scenario Below 55.40 look for further downside with 55.00 & 54.75 as targets...
Pivot (invalidation): 15.8200 Our preference Long positions above 15.8200 with targets at 16.0000 & 16.1000 in extension. Alternative scenario Below 15.8200 look for further downside with 15.7600 & 15.7000 as targets...
Pivot (invalidation): 1324.50 Our preference Long positions above 1324.50 with targets at 1333.00 & 1336.00 in extension. Alternative scenario Below 1324.50 look for further downside with 1321.00 & 1317.00 as targets...
Pivot (invalidation): 2815.00 Our preference Short positions below 2815.00 with targets at 2781.00 & 2763.00 in extension. Alternative scenario Above 2815.00 look for further upside with 2831.00 & 2844.00 as targets...
Pivot (invalidation): 11490.00 Our preference Long positions above 11490.00 with targets at 11560.00 & 11617.00 in extension. Alternative scenario Below 11490.00 look for further downside with 11440.00 & 11380.00 as targets...
