Gold and Oil Daily Pivot Point Levels

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Gold Pivot Point

Pivot: 1123

Most Likely Scenario: Short positions below 1123 with targets @ 1098 & 1088 in extension.

Alternative scenario: Above 1123 look for further upside with 1132.5 & 1138 as targets.

Comment: As long as 1123 is resistance, likely decline to 1098.

Gold Chart

Oil Pivot Point

Pivot: 47.42

Most Likely Scenario: Short positions below 47.42 with targets @ 46 & 45.55 in extension.

Alternative scenario: Above 47.42 look for further upside with 48.28 & 48.92 as targets.

Comment: As long as 47.42 is resistance, likely decline to 46.

Oil Chart