Forex Market Daily Technical Analysis of GOLD (XAU)

Daily Pivot Point of USD/CAD Chart in 30M Time Frame is: 1.3735 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 1.3735 with first target at 1.3785 and second target at 1.3805 in extension as take profits.

Daily Pivot Point of AUD/USD Chart in 30M Time Frame is: 0.7125 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 0.7125 with first target at 0.7080 and second target at 0.7060 in extension as take profits.

Daily Pivot Point of USD/CHF Chart in 30M Time Frame is: 0.7875 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 0.7875 with first target at 0.7925 and second target at 0.7940 in extension as take profits.

Daily Pivot Point of USD/JPY Chart in 30M Time Frame is: 158.75 and Preferred situation is Bullish. Our Preferred Senario is Long Positions (Buy) above 158.75 with first target at 159.25 and second target at 159.45 in extension as take profits.

Daily Pivot Point of GBP/USD Chart in 30M Time Frame is: 1.3420 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 1.3420 with first target at 1.3355 and second target at 1.3330 in extension as take profits.

Daily Pivot Point of EUR/USD Chart in 30M Time Frame is: 1.1625 and Preferred situation is Bearish. Our Preferred Senario is Short Positions (Sell) under 1.1625 with first target at 1.1575 and second target at 1.1560 in extension as take profits.