[Tags]: gold, gold trend, forex market, US dollar index, forex technical analysis, oil price trend, crude oil WTI, euro, pound, Bitcoin Make Capital-- More than just trading Make Capital Daily Technical Analysis    October 16, 2024 Gold Spot U.S.  Crude Oil(WTI)  EUR/USD  GBP/USD  Bitcoin/USD 【Daily Technical Analysis】 【Gold】Gold may rise to 2675.00 - 2685.00 Our preference Pivot 2653.00 Long positions above 2653.00 with targets at 2675.00 & 2685.00 in extension. Alternative scenario Below 2653.00 look for further downside with 2645.00 & 2636.00 as targets. Comment The RSI is above its neutrality area at 50%. 【WTI】Crude Oil (WTI) may rise to 71.50 - 72.10 Our preference Pivot 70.30 Long positions above 70.30 with targets at 71.50 & 72.10 in extension. Alternative scenario Below 70.30 look for further downside with 69.70 & 69.00 as targets. Comment The RSI calls for a bounce. 【EURUSD】EUR/USD may fall 12 - 27 pips `   Our preference Pivot 1.0910 Short positions below 1.0910 with targets at 1.0875 & 1.0860 in extension. Alternative scenario Above 1.0910 look for further upside with 1.0925 & 1.0940 as targets. Comment A break below 1.0875 would trigger a drop towards 1.0860. 【GBPUSD】GBP/USD may rise 28 - 43 pips Our preference Pivot 1.3050 Long positions above 1.3050 with targets at 1.3095 & 1.3110 in extension. Alternative scenario Below 1.3050 look for further downside with 1.3030 & 1.3010 as targets. Comment A support base at 1.3050 has formed and has allowed for a temporary stabilisation. 【BTCUSD】Bitcoin / USD may rise to 68590 - 69200 Our preference Our pivot point stands at 66500. The upside prevails as long as 66500 is support. Alternative scenario Below 66500, expect 65470 and 64860. Comment The RSI is above 50. 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 66855 and 66190).