Daily Technical Report

Gold spot ($) Under pressure. Pivot (invalidation): 1234.00 Our preference Short positions below 1234.00 with targets at 1226.50 & 1224.00 in extension. Alternative scenario Above 1234.00 look for further upside with 1236.50 & 1239.00 as targets. Comment The RSI advocates for further downside.



GBP/USD Further upside. Pivot (invalidation): 1.3010 Our preference Long positions above 1.3010 with targets at 1.3105 & 1.3130 in extension. Alternative scenario Below 1.3010 look for further downside with 1.2970 & 1.2945 as targets. Comment The RSI lacks downward momentum.