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Gold Analysis
Pivot: 1205
Most Likely Scenario: Long positions above 1205 with targets @ 1223 & 1232 in extension.
Alternative scenario: Below 1205 look for further downside with 1197 & 1186 as targets.
Comment: A support base at 1205 has formed and has allowed for a temporary stabilisation.
Gold Chart
Oil Analysis
Pivot: 46.8
Most Likely Scenario: Long positions above 46.8 with targets @ 50.35 & 52.2 in extension.
Alternative scenario: Below 46.8 look for further downside with 46 & 45 as targets.
Comment: The RSI advocates for further upside.
Oil Chart
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