Gold-Oil News (2016.03.29)

Gold-Oil News (2016.03.29)

Source: Fxpro Forex Broker (Review and Forex Rebates Up to 85%)
Gold spot Intraday: key resistance at 1225.00.

Pivot: 1225.00

Most Likely Scenario: short positions below 1225.00 with targets @ 1206.50 & 1200.50 in extension.

Alternative scenario: above 1225.00 look for further upside with 1231.00 & 1236.75 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1225.00.

Gold Chart

Crude Oil (WTI) (K6) Intraday: under pressure.

Pivot: 39.97

Most Likely Scenario: short positions below 39.97 with targets @ 38.35 & 38.00 in extension.

Alternative scenario: above 39.97 look for further upside with 40.40 & 40.85 as targets.

Comment: technically the RSI is below its neutrality area at 50.

Oil Chart