Gold-Oil News (2016.03.28)

Gold-Oil News (2016.03.28)

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

Gold spot Intraday: key resistance at 1225.00.

Pivot: 1225.00

Most Likely Scenario: short positions below 1225.00 with targets @ 1206.50 & 1200.50 in extension.

Alternative scenario: above 1225.00 look for further upside with 1231.00 & 1236.75 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1225.00.

Gold Chart

Crude Oil (WTI) (K6) Intraday: continuation of the rebound.

Pivot: 39.40

Most Likely Scenario: long positions above 39.40 with targets @ 40.40 & 40.85 in extension.

Alternative scenario: below 39.40 look for further downside with 38.95 & 38.35 as targets.

Comment: the RSI is bullish and calls for further upside.

Oil Chart