Gold and Oil Analysis ( PipSafe Forex CashBack)

[text]

Gold Analysis

Pivot: 1198

Most Likely Scenario: Long positions above 1198 with targets @ 1215.4 & 1223 in extension.

Alternative scenario: Below 1198 look for further downside with 1190.5 & 1185 as targets.

Comment: The RSI is mixed with a bullish bias.

Gold Chart

Oil Analysis

Pivot: 48.4

Most Likely Scenario: Long positions above 48.4 with targets @ 51.5 & 52.75 in extension.

Alternative scenario: Below 48.4 look for further downside with 47.65 & 46.25 as targets.

Comment: The RSI is mixed to bullish.

Oil Chart

[/text]