Gold & Oil Analysis 24 April ,2015

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Source: FxPro Forex Broker , FXPRO REVIEW

Gold Pivot Point

Pivot: 1198

Most Likely Scenario: Short positions below 1198 with targets @ 1184 & 1178 in extension.

Alternative scenario: Above 1198 look for further upside with 1205 & 1209 as targets.

Comment: As long as 1198 is resistance, likely decline to 1184.

Oil Pivot Point

Pivot: 55.75

Most Likely Scenario: Long positions above 55.75 with targets @ 58.8 & 59.6 in extension.

Alternative scenario: Below 55.75 look for further downside with 54.6 & 53.8 as targets.

Comment: The RSI is mixed.

Oil Chart

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