GOLD

GOLD: The resistances are nearby

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Above 1285.53 USD the major trend remains bullish. 1363.45 USD and 1376.43 USD are in the line of sight. The breaking of 1285.53 USD would cancel this anticipation and favor a correction toward 1272.55 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1,363.45
  
• Support 1 £1,285.53
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1,376.43
  
• Support 2 £1,272.55
  

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.

The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1285.53 USD, then at 1272.55 USD; only the resistances, placed at 1363.45 USD, then at 1376.43 USD, could contain the prices.

GOLD: The bullish signals are intact

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Above 1230.12 USD the major trend remains bullish. 1296.22 USD and 1309.44 USD are in the line of sight. The breaking of 1230.12 USD would cancel this anticipation and favor a correction toward 1216.9 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1,296.22
  
• Support 1 £1,230.12
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1,309.44
  
• Support 2 £1,216.90
  

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1230.12 USD, then at 1216.9 USD; only the resistances, placed at 1296.22 USD, then at 1309.44 USD, could contain the prices.

GOLD: The movement remains bullish
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Above 1227.41 USD the major trend remains bullish. 1293.72 USD and 1306.98 USD are in the line of sight. The breaking of 1227.41 USD would cancel this anticipation and favor a correction toward 1214.14 USD.

Opinion Short Term

• Negative
  
• Resistance 1 £1,293.72
  
• Support 1 £1,227.41
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1,306.98
  
• Support 2 £1,214.14
  

The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1227.41 USD, then at 1214.14 USD; only the resistances, placed at 1293.72 USD, then at 1306.98 USD, could contain the prices.

GOLD: The bearish trend can resume

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Below 1219.98 USD the major trend remains bearish 1159.95 USD and then 1149.03 USD are in the line of sight. The surpassing of 1219.98 USD would cancel this anticipation and favor a recovery toward 1230.89 USD.

INDICATOR
Opinion Short Term

• Negative
  
• Resistance 1 £1,219.98
  
• Support 1 £1,159.95
  

Opinion Medium Term

• Bearish
  
• Resistance 2 £1,230.89
  
• Support 2 £1,149.03.
  

STATISTICS

• Last Price 1190.88 USD
  
• MACD -3.15
  
• MA 20 1198.15
  
• MA 50 1202.94
  
• Stochastics 20.3
  
• RSI 44.14
  

The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1202.94. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1159.95 USD and the next is at 1149.03 USD; the resistances, located at 1219.98 USD and at 1230.89 USD must be exceeded for the trend to undergo a reversal.

GOLD: Possible pull back on supports

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Above 1150.12 USD the GOLD is heading toward 1235.96 USD over the short term. Below 1150.12 USD the movement would reverse and then correct toward 1125.59 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1174.16 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1223.75: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1235.96 USD and 1260.49 USD. The supports are at 1162.38 USD then at 1150.12 USD .

GOLD: Possible pull back on supports

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Above 1149.93 USD the GOLD is heading toward 1249.2 USD over the short term. Below 1149.93 USD the movement would reverse and then correct toward 1125.12 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1174.16 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1225.09: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1249.2 USD and 1261.6 USD. The supports are at 1162.34 USD then at 1149.93 USD .

GOLD: Possible pull back on supports

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Above 1148.7 USD the GOLD is heading toward 1251.37 USD over the short term. Below 1148.7 USD the movement would reverse and then correct toward 1135.86 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1174.16 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1226.32: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1251.37 USD and 1264.2 USD. The supports are at 1174.36 USD then at 1148.7 USD .

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Below 1322.71 USD the major trend remains bearish 1255.68 USD and then 1242.27 USD are in the line of sight. The surpassing of 1322.71 USD would cancel this anticipation and favor a recovery toward 1336.12 USD.

The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1310.81. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1255.68 USD and the next is at 1242.27 USD; the resistances, located at 1322.71 USD and at 1336.12 USD must be exceeded for the trend to undergo a reversal.

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Above 1275.12 USD the GOLD is heading toward 1312.79 USD over the short term. Below 1275.12 USD the movement would reverse and then correct toward 1266.75 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1290.53 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1314.95: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1312.79 USD and 1321.16 USD. The supports are at 1279.3 USD then at 1275.12 USD .

Above 1250.53 USD the GOLD is heading toward 1320.77 USD over the short term. Below 1250.53 USD the movement would reverse and then correct toward 1240.5 USD.

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The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1318.42. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1260.57 USD and the next is at 1250.53 USD; the resistances, located at 1320.77 USD and at 1340.83 USD must be exceeded for the trend to undergo a reversal.

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Above 1261.61 USD the GOLD is heading toward 1324.78 USD over the short term. Below 1261.61 USD the movement would reverse and then correct toward 1240.55 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1321.96. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1272.13 USD and the next is at 1261.61 USD; the resistances, located at 1324.78 USD and at 1335.31 USD must be exceeded for the trend to undergo a reversal.

Technical opportunity

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1359.1USD
  
• Support 1 1284.47USD
  
• Opinion Mid Term Bearish
  
• Support 2 1273.81USD
  
• Resistance 2 1380.42USD
  

STRATEGY
Above 1284.47 USD the major trend remains bullish. 1359.1 USD and 1380.42 USD are in the line of sight. The breaking of 1284.47 USD would cancel this anticipation and favor a correction toward 1273.81 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1331.44. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1284.47 USD and the next is at 1273.81 USD; the resistances, located at 1359.1 USD and at 1380.42 USD must be exceeded for the trend to undergo a reversal.

The bearish trend can resume
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INDICATOR
Opinion Short Term Negative
Resistance 1 1351.9USD
Support 1 1293.19USD
Opinion Mid Term Bearish
Support 2 1284.81USD
Resistance 2 1368.68USD

STRATEGY
Below 1351.9 USD the major trend remains bearish 1293.19 USD and then 1284.81 USD are in the line of sight. The surpassing of 1351.9 USD would cancel this anticipation and favor a recovery toward 1368.68 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1330.81. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1293.19 USD and the next is at 1284.81 USD; the resistances, located at 1351.9 USD and at 1368.68 USD must be exceeded for the trend to undergo a reversal.

Under these resistances, a consolidation is likely
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INDICATOR
Opinion Short Term Negative
Resistance 1 1358.23USD
Support 1 1289.14USD
Opinion Mid Term Bearish
Support 2 1269.4USD
Resistance 2 1368.1USD

STRATEGY
Below 1358.23 USD the major trend remains bearish 1289.14 USD and then 1269.4 USD are in the line of sight. The surpassing of 1358.23 USD would cancel this anticipation and favor a recovery toward 1368.1 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1330.94. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1289.14 USD and the next is at 1269.4 USD; the resistances, located at 1358.23 USD and at 1368.1 USD must be exceeded for the trend to undergo a reversal.

Under these resistances, a consolidation is likely
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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 1351.77USD
  
• Support 1 1286.2USD
  
• Opinion Mid Term Bearish
  
• Support 2 1275.27USD
  
• Resistance 2 1362.7USD
  

STRATEGY
Below 1351.77 USD the major trend remains bearish 1286.2 USD and then 1275.27 USD are in the line of sight. The surpassing of 1351.77 USD would cancel this anticipation and favor a recovery toward 1362.7 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1330.71. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1286.2 USD and the next is at 1275.27 USD; the resistances, located at 1351.77 USD and at 1362.7 USD must be exceeded for the trend to undergo a reversal.

INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 1381.78USD
  
• Support 1 1312.47USD
  
• Opinion Mid Term Bullish
  
• Support 2 1289.37USD
  
• Resistance 2 1393.33USD
  

STRATEGY
Below 1393.33 USD the GOLD is evolving toward 1312.47 USD over the short term. The clearing of 1393.33 USD would invalidate this opinion and open the door for 1416.44 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 1358.46 USD the cross corrected towards the 50-day moving average 1300.87: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 1312.47 USD and 1289.37 USD. The resistances are at 1381.78 USD and 1393.33 USD.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 1364.85USD
  
• Support 1 1282.82USD
  
• Opinion Mid Term Bullish
  
• Support 2 1255.48USD
  
• Resistance 2 1392.19USD
  

STRATEGY
Above 1282.82 USD the major trend remains bullish. 1364.85 USD and 1392.19 USD are in the line of sight. The breaking of 1282.82 USD would cancel this anticipation and favor a correction toward 1255.48 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1282.82 USD, then at 1255.48 USD; only the resistances, placed at 1364.85 USD, then at 1392.19 USD, could contain the prices.

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INDICATOR

• Opinion Short Term Neutral
  
• Resistance 1 1361.82USD
  
• Support 1 1279.6USD
  
• Opinion Mid Term Bullish
  
• Support 2 1252.2USD
  
• Resistance 2 1389.23USD
  

STRATEGY
Above 1279.6 USD the major trend remains bullish. 1361.82 USD and 1389.23 USD are in the line of sight. The breaking of 1279.6 USD would cancel this anticipation and favor a correction toward 1252.2 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1279.6 USD, then at 1252.2 USD; only the resistances, placed at 1361.82 USD, then at 1389.23 USD, could contain the prices.

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INDICATOR
Opinion Short Term Neutral
Resistance 1 1295.45USD
Support 1 1235.6USD
Opinion Mid Term Bearish
Support 2 1220.64USD
Resistance 2 1310.41USD

STRATEGY
As long as 1220.64 USD remains a support, the movement may join 1295.45 USD over the short term. The breaking of 1220.64 USD would invalidate this opinion and open the door for 1205.68 USD.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 1242.02 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1274.48: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1295.45 USD and 1310.41 USD. The supports are at 1235.6 USD then at 1220.64 USD .

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INDICATOR
Opinion Short Term Negative
Resistance 1 1290.12USD
Support 1 1200.94USD
Opinion Mid Term Bearish
Support 2 1183.1USD
Resistance 2 1307.96USD

STRATEGY
Below 1290.12 USD the major trend remains bearish 1200.94 USD and then 1183.1 USD are in the line of sight. The surpassing of 1290.12 USD would cancel this anticipation and favor a recovery toward 1307.96 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1277.51. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1200.94 USD and the next is at 1183.1 USD; the resistances, located at 1290.12 USD and at 1307.96 USD must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Negative
Resistance 1 1302.24USD
Support 1 1234.41USD
Opinion Mid Term Bearish
Support 2 1223.11USD
Resistance 2 1313.54USD

STRATEGY
Below 1302.24 USD the major trend remains bearish 1234.41 USD and then 1223.11 USD are in the line of sight. The surpassing of 1302.24 USD would cancel this anticipation and favor a recovery toward 1313.54 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1279.95. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1234.41 USD and the next is at 1223.11 USD; the resistances, located at 1302.24 USD and at 1313.54 USD must be exceeded for the trend to undergo a reversal.

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INDICATOR
Opinion Short Term Negative
Resistance 1 1307.18USD
Support 1 1238.75USD
Opinion Mid Term Neutral
Support 2 1221.65USD
Resistance 2 1315.73USD

STRATEGY
Below 1307.18 USD the major trend remains bearish 1238.75 USD and then 1221.65 USD are in the line of sight. The surpassing of 1307.18 USD would cancel this anticipation and favor a recovery toward 1315.73 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 1280.75. The first support is at 1238.75 USD and, in the event of a breach of this level, a continuation of the correction towards 1221.65 USD is possible; to the upside, the first resistance is at 1307.18 USD, then the strongest level is at 1315.73 USD.

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INDICATOR
Opinion Short Term Negative
Resistance 1 1304.85USD
Support 1 1245.04USD
Opinion Mid Term Neutral
Support 2 1230.09USD
Resistance 2 1319.8USD

STRATEGY
Below 1304.85 USD the major trend remains bearish 1245.04 USD and then 1230.09 USD are in the line of sight. The surpassing of 1304.85 USD would cancel this anticipation and favor a recovery toward 1319.8 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 1281.14. The first support is at 1245.04 USD and, in the event of a breach of this level, a continuation of the correction towards 1230.09 USD is possible; to the upside, the first resistance is at 1304.85 USD, then the strongest level is at 1319.8 USD.

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INDICATOR

• Opinion Short Term Neutral
  
• Resistance 1 1309.12USD
  
• Support 1 1244.29USD
  
• Opinion Mid Term Neutral
  
• Support 2 1231.32USD
  
• Resistance 2 1322.08USD
  

STRATEGY
As long as 1322.08 USD continues to be a resistance, the movement may join 1244.29 USD over the short term. The surpassing of 1322.08 USD would invalidate this opinion and open the door for 1341.53 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 1282.4. The first support is at 1244.29 USD and, in the event of a breach of this level, a continuation of the correction towards 1231.32 USD is possible; to the upside, the first resistance is at 1309.12 USD, then the strongest level is at 1322.08 USD.

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INDICATOR
Opinion Short Term Positive
Resistance 1 1325.17USD
Support 1 1254.3USD
Opinion Mid Term Bearish
Support 2 1240.13USD
Resistance 2 1339.35USD

STRATEGY
Above 1254.3 USD the major trend remains bullish. 1325.17 USD and 1339.35 USD are in the line of sight. The breaking of 1254.3 USD would cancel this anticipation and favor a correction toward 1240.13 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1282.73. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1254.3 USD and the next is at 1240.13 USD; the resistances, located at 1325.17 USD and at 1339.35 USD must be exceeded for the trend to undergo a reversal.