GOLD TECHNICAL ANALYSIS –
Prices continue to tread water near the $1300/oz figure. A daily close above the 123.6% Fibonacci expansion at 1300.39 exposes the 138.2% level at 1316.16. Alternatively, a turn back below the 100% Fib at 1274.89 targets the 1249.39-55.20 area marked by the 76.4% expansion and the October 21 high.


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CRUDE OIL TECHNICAL ANALYSIS –
Prices are stalling having attempted to recover as expected. A daily close above the 14.6% Fibonacci retracement at 50.49 exposes the 23.6% level at 53.77. Alternatively, a reversal below the 14.6% Fib expansion at 47.07 targets the 23.6% threshold at 43.79.



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Source

http://www.dailyfx.com/forex/technical/article/cross-market_technical_update/2015/01/26/Gold-Stalls-Below-1300-SPX-500-Locked-in-Choppy-Consolidation.html
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