Gold short termTechnicals.
If gold doesn't break $1377.00. We may be heading south. Everyone is so bullish so I would look out. Also the near term uptrend has been broken.
I have no positions and can always catch another train. This is a short term diagnosis i.e. one to two months sometime shorter accordingl to my charting and not based on fundamentals.
This is my own thinking and I could very well admit I may be wrong but still looking to short.
As for oil. I think it topped in June 7-9 and is still in a downtrend. Aka BTE. Sorry I had to name it (Baytex) that's not saying it may not have a bounce. The main trend is down for awhile yet.
Someone has to be wrong and it could be me. I am no professional.
Please look at this as a opinion only.
I lose money but now most of the time I close my position after a small loss.
May you be the best.