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Source: FxPro Forex Broker (Review and Forex Rebates Up to 85%)

 

Gold Analysis

Pivot: 1084

Most Likely Scenario: short positions below 1084 with targets @ 1070 & 1063 in extension.

Alternative scenario: above 1084 look for further upside with 1089 & 1095 as targets.

Comment: the RSI lacks upward momentum.

Gold Chart

GOLD55

Pivot: 31.6

Most Likely Scenario: short positions below 31.6 with targets @ 30 & 29.05 in extension.

Alternative scenario: above 31.6 look for further upside with 32.2 & 33.15 as targets.

Comment: as long as 31.6 is resistance, look for choppy price action with a bearish bias.

Oil Chart

oil

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