Source: Fxpro Forex Broker (Review and Forex Rebates up to 85%)
Gold News
Pivot: 1122
Most Likely Scenario: long positions above 1122 with targets @ 1133 & 1138.5 in extension.
Alternative scenario: below 1122 look for further downside with 1118 & 1111 as targets.
Comment: the RSI is mixed to bullish.
Gold Chart
Oil News
Pivot: 31.27
Most Likely Scenario: short positions below 31.27 with targets @ 29.26 & 28.5 in extension.
Alternative scenario: above 31.27 look for further upside with 32.07 & 33.35 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Oil Chart
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