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Source: FxPro Forex Broker (Review and Forex CashBack)

Gold News

Pivot: 1097.5

Most Likely Scenario: Short positions below 1097.5 with targets @ 1080 & 1073 in extension.

Alternative scenario: Above 1097.5 look for further upside with 1105 & 1115 as targets.

Comment: As long as 1097.5 is resistance, likely decline to 1080.

Gold Chart

gOLD

 

Oil News

Pivot: 46.55

Most Likely Scenario: Short positions below 46.55 with targets @ 45 & 44 in extension.

Alternative scenario: Above 46.55 look for further upside with 47.4 & 48.65 as targets.

Comment: As long as 46.55 is resistance, likely decline to 45.

Oil Chart

gOLD

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