Gold – Oil Pivot Point

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Gold – Oil Pivot Point

Pivot: 1192.4

Most Likely Scenario: Long @ 1200.85 with targets @ 1209.5 & 1215.8 in extension.

Alternative scenario: Below 1192.4 look for further downside with 1185 & 1180 as targets.

Comment: A support base at 1192.4 has formed and has allowed for a temporary stabilisation.

Gold Chart

Pivot: 51.45

Most Likely Scenario: Long positions above 51.45 with targets @ 53.1 & 54.2 in extension.

Alternative scenario: Below 51.45 look for further downside with 50 & 48.2 as targets.

Comment: A support base at 51.45 has formed and has allowed for a temporary stabilisation.

Oil Chart

 Source : FxPro Forex Broker

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