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Source: Fxpro Forex Broker (Review and Forex Rebates up to 85%)

Gold spot Intraday: break of a ST rising trendline support.

Pivot: 1074.5

Most Likely Scenario: short positions below 1074.5 with targets @ 1064 & 1058 in extension.

Alternative scenario: above 1074.5 look for further upside with 1079 & 1083 as targets.

Comment: as long as 1074.5 is resistance, likely decline to 1064.

Gold Chart

goldchart
Crude Oil (WTI) (F6) Intraday: capped by a negative trend line.

Pivot: 37.55

Most Likely Scenario: short positions below 37.55 with targets @ 35.9 & 35 in extension.

Alternative scenario: above 37.55 look for further upside with 38.41 & 39.01 as targets.

Comment: as long as 37.55 is resistance, likely decline to 35.9.

Oil Chart

oilprice

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Reply

Jack Says

0 1

I think gold needs to hold below 1072.25 level, being the intraday Pivot Point if the price action is to continue its downward move and initial downside target is 1056.31

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Reply

Saner Says

1 1

My signal for gold buy@1065.40 stop loss:1053.685 take profit: 1076.888

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Jack Says

0 1

Oh my god! your signal was amazing ,take profit touched !



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