Gold and AUD/USD Pivot Point (2015.06.19)

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Gold and AUD/USD Pivot Point (2015.06.19)

Source: FxPro Forex Broker (Review and Rebate Program)

AUD/USD Intraday: bullish bias above 0.7755.

Pivot: 0.7755

Most Likely Scenario: Long positions above 0.7755 with targets @ 0.786 & 0.791 in extension.

Alternative scenario: Below 0.7755 look for further downside with 0.771 & 0.766 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

AUD/USD Chart

Gold spot Intraday: further advance.

Pivot: 1192.85

Most Likely Scenario: Long positions above 1192.85 with targets @ 1209.1 & 1213.3 in extension.

Alternative scenario: Below 1192.85 look for further downside with 1187 & 1182 as targets.

Comment: The RSI is mixed to bullish.

Gold chart

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