Gold-Oil Analysis (2015.12.31)

Gold-Oil Analysis (2015.12.31)

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

Gold spot Intraday: under pressure.

Pivot: 1066

Most Likely Scenario: short positions below 1066 with targets @ 1056 & 1051 in extension.

Alternative scenario: above 1066 look for further upside with 1072 & 1077 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1066.

Gold Chart

Crude Oil (WTI) (G6) Intraday: under pressure.

Pivot: 37.16

Most Likely Scenario: short positions below 37.16 with targets @ 36.3 & 36.1 in extension.

Alternative scenario: above 37.16 look for further upside with 37.48 & 37.95 as targets.

Comment: the RSI is mixed to bearish.

Oil Chart