Gold-Oil Daily Analysis (2015.10.13)

Gold-Oil Daily Analysis (2015.10.13)

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

Gold spot Intraday: break of a ST rising trendline support.

Pivot: 1164

Most Likely Scenario: Short positions below 1164 with targets @ 1145 & 1136 in extension.

Alternative scenario: Above 1164 look for further upside with 1169 & 1177 as targets.

Comment: As long as 1164 is resistance, likely decline to 1145.

Gold Chart

Crude Oil (WTI) (X5) Intraday: break of a ST rising trendline support.

Pivot: 48.34

Most Likely Scenario: Short positions below 48.34 with targets @ 46.4 & 45.7 in extension.

Alternative scenario: Above 48.34 look for further upside with 49.13 & 50.15 as targets.

Comment: As long as 48.34 is resistance, likely decline to 46.4.

Oil Chart