Gold-Oil Pivot point Levels (2015.12.03)

Gold-Oil Pivot point Levels (2015.12.03)

Source: Fxpro Forex Broker

Gold spot Intraday: under pressure.

Pivot: 1058

Most Likely Scenario: Short positions below 1058 with targets @ 1044 & 1041 in extension.

Alternative scenario: Above 1058 look for further upside with 1061 & 1063.5 as targets.

Comment: As long as 1058 is resistance, likely decline to 1044.

Gold spot Intraday: under pressure.

Gold Chart

Crude Oil (WTI) (F6) Intraday: key resistance at 41.15.

Pivot: 41.15

Most Likely Scenario: Short positions below 41.15 with targets @ 39.6 & 39.16 in extension.

Alternative scenario: Above 41.15 look for further upside with 41.71 & 42.24 as targets.

Comment: As long as 41.15 is resistance, likely decline to 39.6.

Oil Chart