TRADING CENTRAL

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

Gold Intraday: key resistance at 4353.

Pivot:

4353

Our preference:

Short positions below 4353 with targets at 4302 & 4274 in extension.

Alternative scenario:

Above 4353 look for further upside with 4380 & 4404 as targets.

Comment:

As long as 4353 is resistance, look for choppy price action with a bearish bias.

Bitcoin / Dollar intraday: the RSI is overbought

Our pivot point stands at 87360.

Our preference:

The upside prevails as long as 87360 is support.

Alternative scenario:

Below 87360, expect 86080 and 85320.

Comment:

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 88102 and 87831). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 88596).

USD/JPY Intraday: bullish bias above 156.40.

Pivot:

156.40

Our preference:

Long positions above 156.40 with targets at 156.95 & 157.20 in extension.

Alternative scenario:

Below 156.40 look for further downside with 156.20 & 156.00 as targets.

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

EUR/USD Intraday: rebound expected.

Pivot:

1.1720

Our preference:

Long positions above 1.1720 with targets at 1.1760 & 1.1780 in extension.

Alternative scenario:

Below 1.1720 look for further downside with 1.1700 & 1.1680 as targets.

Comment:

The RSI calls for a rebound.

Binance Coin / Dollar intraday: our next up target stands at 889.7

Our pivot point stands at 849.8.

Our preference:

Our next up target stands at 889.7.

Alternative scenario:

The downside breakout of 849.8 would call for 835.1 and 826.3.

Comment:

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 859.7 and 862.1).

Solana / Dollar intraday: above its upper Bollinger band

124.2 is our pivot point.

Our preference:

The upside prevails as long as 124.2 is support.

Alternative scenario:

Below 124.2, expect 121.1 and 119.2.

Comment:

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 125.2 and 124.9). Finally, the Solana / Dollar is trading above its upper Bollinger band (standing at 126.5).

Ethereum Classic / Dollar intraday: the RSI is overbought

Our pivot point is at 11.86.

Our preference:

The upside prevails as long as 11.86 is support.

Alternative scenario:

Below 11.86, expect 11.52 and 11.32.

Comment:

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 11.93 and 11.70).