Gold-Oil News(2016.02.24)

Gold-Oil News(2016.02.24)

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

Gold spot Intraday: further upside.

Pivot: 1215.00

Most Likely Scenario: long positions above 1215.00 with targets @ 1240.00 & 1248.00 in extension.

Alternative scenario: below 1215.00 look for further downside with 1200.00 & 1191.00 as targets.

Comment: the RSI is mixed with a bullish bias.

Gold Chart

Crude Oil (WTI) (J6) Intraday: under pressure.

Pivot: 32.50

Most Likely Scenario: short positions below 32.50 with targets @ 30.70 & 29.80 in extension.

Alternative scenario: above 32.50 look for further upside with 33.55 & 34.20 as targets.

Comment: the RSI is bearish and calls for further downside.

Oil Chart