GOLD Bear rally over? In the analysis we see a breakout AND retest of a descending trendline and we see the presence of a clear, inverse Head and shoulders, indicating that the bulls are back.
Another indication would be the continuation of the bullish trend on the Daily chart. Targets indicated.
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USOIL: Up or Down?As you can see we have two very plausible views namely a Head and Shoulders pattern and a Bullish Flag. Personally I would opt for the bearish outcome but we shouldn't rule out the bulls just yet.
Once you've chosen your point of view, the targets are provided in the chart above.
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P.S, that EMA is magical ;)