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Source: FxPro Forex Broker (Review and Cashback Forex)

Gold Pivot Point 2015.07.20

Pivot: 1130

Most Likely Scenario: Short positions below 1130 with targets @ 1087 & 1080 in extension.

Alternative scenario: Above 1130 look for further upside with 1139 & 1146 as targets.

Comment: As long as 1130 is resistance, likely decline to 1087.

Gold Chart

gold 2015

 

Oil Pivot Point

Pivot: 51.25

Most Likely Scenario: Short positions below 51.25 with targets @ 50 & 49.3 in extension.

Alternative scenario: Above 51.25 look for further upside with 52.2 & 52.85 as targets.

Comment: As long as 51.25 is resistance, likely decline to 50.

Oil Chart

oil

 

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