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Gold and Oil Analysis

Gold spot Intraday: rebound.

Pivot: 1265

Most Likely Scenario: Long positions above 1265 with targets @ 1285 & 1293 in extension.

Alternative scenario: Below 1265 look for further downside with 1258 & 1250 as targets.

Comment: The RSI is mixed to bullish.

Gold Chart

 

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 Crude Oil (NYMEX) (H5) Intraday: further advance

Pivot: 45.6

Most Likely Scenario: Long positions above 45.6 with targets @ 48.4 & 49.3 in extension.

Alternative scenario: Below 45.6 look for further downside with 43.5 & 42.6 as targets.

Comment: The RSI is mixed to bullish.

Oil Chart

 

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FxPro

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