Orbex Forex Broker and daily Pivot Point

[text]

Source: Orbex Forex Broker (Review and Forex Cashback)

Pivot: 1123

Our preference: Long positions above 1123 with targets @ 1146.5 & 1153 in extension.

Alternative scenario: Below 1123 look for further downside with 1117 & 1109 as targets.

Comment: The RSI is mixed with a bullish bias.

Gold Chart

Pivot: 42.75

Our preference: Long positions above 42.75 with targets @ 46 & 46.9 in extension.

Alternative scenario: Below 42.75 look for further downside with 41.75 & 40.55 as targets.

Comment: The RSI has just landed on its neutrality area at 50% and is turning up.

Oil Chart

[/text]