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Gold News
Gold spot Intraday: the downside prevails.
Pivot: 1184.5
Most Likely Scenario: Short positions below 1184.5 with targets @ 1163 & 1158 in extension.
Alternative scenario: Above 1184.5 look for further upside with 1190 & 1196 as targets.
Comment: As long as 1184.5 is resistance, likely decline to 1163.
Gold Chart
Oil News
Crude Oil (WTI) Intraday: continuation of the rebound.
Pivot: 46
Most Likely Scenario: Long positions above 46 with targets @ 47.85 & 48.46 in extension.
Alternative scenario: Below 46 look for further downside with 45.23 & 44.6 as targets.
Comment: The RSI is mixed to bullish.
Oil Chart
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