News and Market Analysis

Today’s directional views
by
Gold trade

Here are today’s directional views from the global research desks of Trading Central! These are starting points for your own research to identify opportunities that make sense for you. Like what you see? Subscribe to receive the full daily newsletter.


AUD/USD intraday: the downside prevails as long as 0.7354 is resistance 

Our pivot point is at 0.7354. 

Our preference:
The downside prevails as long as 0.7354 is resistance. 

Alternative scenario:
Above 0.7354, look for 0.7381 and 0.7396. 

Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.7342 and 0.7346).
Analyst Views Chart
 
USD/JPY intraday: the upside prevails as long as 109.98 is support
 

Our pivot point stands at 109.98.
 
Our preference:
The upside prevails as long as 109.98 is support.
 
Alternative scenario:
The downside breakout of 109.98 would call for 109.62 and 109.41.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 110.20 and 110.21).
Analyst Views Chart

Gold intraday: short term rebound towards 1741.00 

1724.00 is our pivot point. 

Our preference:
Short term rebound towards 1741.00. 

Alternative scenario:
Below 1724, expect 1717.50 and 1714. 

Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Gold is trading under both its 20 and 50 period moving average (respectively at 1734.60 and 1739.10).
Analyst Views Chart

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