Gold & Oil Analysis (2015.10.27)
Gold spot Intraday: further upside.
Most Likely Scenario: Long positions above 1162 with targets @ 1170.2 & 1175 in extension.
Alternative scenario: Below 1162 look for further downside with 1158.6 & 1156 as targets.
Comment: The RSI is mixed to bullish.
Crude Oil (WTI) (Z5) Intraday: capped by a negative trend line.
Most Likely Scenario: Short positions below 44.53 with targets @ 43 & 42.15 in extension.
Alternative scenario: Above 44.53 look for further upside with 44.95 & 45.4 as targets.
Comment: As long as 44.53 is resistance, likely decline to 43.
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