AUD/USD and Gold Analysis

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AUD/USD and Gold Analysis

Pivot: 0.7785

Most Likely Scenario: Short positions below 0.7785 with targets @ 0.77 & 0.7655 in extension.

Alternative scenario: Above 0.7785 look for further upside with 0.7835 & 0.7905 as targets.

Comment: The RSI is badly directed.

AUD/USD Chart

Gold Analysis

Pivot: 1199

Most Likely Scenario: Short positions below 1199 with targets @ 1190.5 & 1185 in extension.

Alternative scenario: Above 1199 look for further upside with 1206.5 & 1213 as targets.

Comment: As long as 1199 is resistance, likely decline to 1190.5.

Gold Chart

Source : Fxpro Forex Broker

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