Gold-Oil Analysis (2015.12.15)

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

Pivot: 1072

Most Likely Scenario: short positions below 1072 with targets @ 1058 & 1052 in extension.

Alternative scenario: above 1072 look for further upside with 1077.5 & 1081.5 as targets.

Comment: as long as 1072 is resistance, likely decline to 1058.

Gold Chart

Pivot: 35.17

Most Likely Scenario: long positions above 35.17 with targets @ 36.9 & 37.54 in extension.

Alternative scenario: below 35.17 look for further downside with 34.52 & 33.95 as targets.

Comment: the RSI is bullish and calls for further upside.

Oil Chart