Gold-Oil Analysis (2015.11.10)

Gold spot Intraday: capped by a negative trend line.

Pivot: 1103

Most Likely Scenario: Short positions below 1103 with targets @ 1085 & 1079 in extension.

Alternative scenario: Above 1103 look for further upside with 1111 & 1119 as targets.

Comment: The RSI lacks upward momentum.

Gold Chart

Crude Oil (WTI) (Z5) Intraday: key resistance at 45.1.

Pivot: 45.1

Most Likely Scenario: Short positions below 45.1 with targets @ 43.48 & 43.05 in extension.

Alternative scenario: Above 45.1 look for further upside with 45.65 & 46.2 as targets.

Comment: As long as the resistance at 45.1 is not surpassed, the risk of the break below 43.48 remains high.

Oil Chart

Source: FxPro Forex Broker (Review and Forex Rebates up to 85%)