Gold-Oil News (2015.11.18)

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

Gold spot Intraday: under pressure.

Pivot: 1076

Most Likely Scenario: Short positions below 1076 with targets @ 1064 & 1059 in extension.

Alternative scenario: Above 1076 look for further upside with 1082 & 1087 as targets.

Comment: As long as 1076 is resistance, likely decline to 1064.

Gold Chart

Crude Oil (WTI) (Z5) Intraday: key resistance at 42.25.

Pivot: 42.25

Most Likely Scenario: Short positions below 42.25 with targets @ 40 & 39.2 in extension.

Alternative scenario: Above 42.25 look for further upside with 43.3 & 44.12 as targets.

Comment: As long as 42.25 is resistance, likely decline to 40.

Oil Chart