Gold-Oil Analysis (2016.03.18)

Gold-Oil Analysis (2016.03.18)

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

Gold spot Intraday: bullish bias above 1254.00.

Pivot: 1254.00

Most Likely Scenario: long positions above 1254.00 with targets @ 1276.00 & 1284.00 in extension.

Alternative scenario: below 1254.00 look for further downside with 1235.00 & 1225.00 as targets.

Comment: the RSI is mixed with a bullish bias.

Gold Chart

Crude Oil (WTI) (J6) Intraday: the upside prevails.

Pivot: 39.00

Most Likely Scenario: long positions above 39.00 with targets @ 41.00 & 41.55 in extension.

Alternative scenario: below 39.00 look for further downside with 38.15 & 37.45 as targets.

Comment: the RSI lacks downward momentum.

Oil Chart