Gold and AUD/USD

[text]

Gold Analysis

Gold spot Intraday: key resistance at 1215.4.

Pivot: 1215.4

Most Likely Scenario: Short positions below 1215.4 with targets @ 1197 & 1188 in extension.

Alternative scenario: Above 1215.4 look for further upside with 1223 & 1229.6 as targets.

Comment: As long as 1215.4 is resistance, likely decline to 1197.

Gold Chart

AUD/USD Analysis

AUD/USD Intraday: further advance.

Pivot: 0.781

Most Likely Scenario: Long positions above 0.781 with targets @ 0.785 & 0.7875 in extension.

Alternative scenario: Below 0.781 look for further downside with 0.777 & 0.775 as targets.

Comment: The pair keeps challenging the resistance at 0.785.

AUD/USD Chart

FxPro

[/text]