Gold-Oil News(2016.01.25)

Gold-Oil News(2016.01.25)

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

Gold spot Intraday: further advance.

Pivot: 1093.5

Most Likely Scenario: long positions above 1093.5 with targets @ 1106 & 1110 in extension.

Alternative scenario: below 1093.5 look for further downside with 1090.5 & 1086 as targets.

Comment: the RSI is mixed to bullish.

Gold Chart

Crude Oil (WTI) (H6) Intraday: continuation of the rebound.

Pivot: 30.51

Most Likely Scenario: long positions above 30.51 with targets @ 33.31 & 34.3 in extension.

Alternative scenario: below 30.51 look for further downside with 30 & 29.33 as targets.

Comment: the RSI lacks downward momentum.

Oil Chart