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Gold and Oil Analysis (2015.06.10)

Source : FXpro Forex Broker 

Gold spot Intraday: further advance.

Pivot: 1174.5

Most Likely Scenario: Long positions above 1174.5 with targets @ 1187.2 & 1193.4 in extension.

Alternative scenario: Below 1174.5 look for further downside with 1169 & 1163 as targets.

Comment: The RSI is well directed.

Gold Chart

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Oil Analysis 

Pivot: 59.8

Most Likely Scenario: Long positions above 59.8 with targets @ 61.6 & 62 in extension.

Alternative scenario: Below 59.8 look for further downside with 59 & 57.9 as targets.

Comment: The RSI is well directed.

Oil Chart

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