Gold-Oil News (2016.03.04)

Gold-Oil News(2016.03.04)

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

Gold spot Intraday: further upside.

Pivot: 1248.50

Most Likely Scenario: long positions above 1248.50 with targets @ 1268.50 & 1276.00 in extension.

Alternative scenario: below 1248.50 look for further downside with 1240.00 & 1235.00 as targets.

Comment: the RSI is mixed with a bullish bias.

Gold Chart

Crude Oil (WTI) (J6) Intraday: supported by a rising trend line.

Pivot: 34.30

Most Likely Scenario: long positions above 34.30 with targets @ 35.60 & 36.30 in extension.

Alternative scenario: below 34.30 look for further downside with 33.55 & 33.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Oil Chart