GOLD (SPOT) INTRADAY: TARGET 1738

Pivot: 1703.00 Most Likely Scenario: LONG positions above 1703 with 1720 & 1738 in sight. Alternative scenario: The downside breakout of 1703 will open the way to 1680 & 1669. Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

GBP/USD INTRADAY: LIMITED UPSIDE.

Pivot: 1.5585 Most Likely Scenario: Long positions above 1.5585 with targets @ 1.5715 & 1.5735 in extension. Alternative scenario: Below 1.5585 look for further downside with 1.555 & 1.551 as targets. Comment: the pair is just below its bullish channel resistance: this is limiting the upside potential.

EUR/USD INTRADAY: FURTHER ADVANCE.

Pivot: 1.305 Most Likely Scenario: Long positions above 1.305 with targets @ 1.3195 & 1.3235 in extension. Alternative scenario: Below 1.305 look for further downside with 1.2975 & 1.293 as targets. Comment: the RSI is bullish and calls for further upside.