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Gold Analysis
Pivot: 1084
Most Likely Scenario: short positions below 1084 with targets @ 1070 & 1063 in extension.
Alternative scenario: above 1084 look for further upside with 1089 & 1095 as targets.
Comment: the RSI lacks upward momentum.
Gold Chart
Pivot: 31.6
Most Likely Scenario: short positions below 31.6 with targets @ 30 & 29.05 in extension.
Alternative scenario: above 31.6 look for further upside with 32.2 & 33.15 as targets.
Comment: as long as 31.6 is resistance, look for choppy price action with a bearish bias.
Oil Chart
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