FXstreet.com (Barcelona) - Oil rally seen recently, which has reached levels above $80 might have peaked, while gold prices have yet some more room to rally, according to Andrei Pehar, chief currency strategist at fxKnight.com

Gold prices will continue growing up to $1,129 says Pehar: I believe gold is going to, eventually, reach $1,129, but I think that on the way to that we are going to encounter some resistance at $1,064.

In regards to oil prices, Pehar estimates that crude will consolidate between $69 and $77: For oil I see us falling in to a range, somewhere between $77 and $ 69.