Gold-Oil News (2016.03.29)
Source: Fxpro Forex Broker (Review and Forex Rebates Up to 85%)
Gold spot Intraday: key resistance at 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.
Crude Oil (WTI) (K6) Intraday: under pressure.
Most Likely Scenario: short positions below 39.97 with targets @ 38.35 & 38.00 in extension.
Alternative scenario: above 39.97 look for further upside with 40.40 & 40.85 as targets.
Comment: technically the RSI is below its neutrality area at 50.
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