Gold & Oil News and Analysis(2015.12.07)

Source:FXPRO Forex Broker (Review and Forex Rebates up to 85%)

Gold spot Intraday: further upside.

Pivot: 1075

Most Likely Scenario: long positions above 1075 with targets @ 1091 & 1100 in extension.

Alternative scenario: below 1075 look for further downside with 1069.5 & 1064 as targets.

Comment: the RSI is supported by a rising trend line.

Gold Chart

Crude Oil (WTI) (F6) Intraday: under pressure.

Pivot: 41.1

Most Likely Scenario: short positions below 41.1 with targets @ 39.16 & 38.52 in extension.

Alternative scenario: above 41.1 look for further upside with 41.8 & 42.2 as targets.

Comment: as long as 41.1 is resistance, likely decline to 39.16.

Oil Chart