Gold and Oil news 18 May , 2015

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Source : FxPro Forex Broker

Gold Analysis

Pivot: 1217

Most Likely Scenario: Long positions above 1217 with targets @ 1237 & 1245 in extension.

Alternative scenario: Below 1217 look for further downside with 1210 & 1200 as targets.

Comment: The RSI is mixed to bullish.

Gold Chart

Oil News

Pivot: 59.2

Most Likely Scenario: Long positions above 59.2 with targets @ 60.85 & 61.85 in extension.

Alternative scenario: Below 59.2 look for further downside with 58.4 & 57.87 as targets.

Comment: The RSI is mixed to bullish.

Oil Chart

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