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Commodities Pivot Points and Forex Technical Analysis 05/12/2014

Commodities Pivot Points and Forex Technical Analysis 05/12/2014

Daily technical analysis for Gold, Crude Oil and Silver, main support and resistance levels and intra-day trading strategies based on same day Pivot Points.

Gold – Day Trading Strategies

Bullish scenario: Long positions above the daily pivot point 1205.40$ with targets at 1217.30$ next 1226.90$ in extension.

Alternatively, Bearish scenario: Short positions below the daily pivot point 1205.40$ with targets at 1195.80$ next 1183.90$ in extension.

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