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Let's find out the monthly outlook of the two most essential commodities i.e Gold and USOIL
Gold on Monthly charts favors bulls for the month of July.Technically the yellow metal has made double top and for last three months posted negative closing. We are optimistic this month as technically it is trading on the support trendline.
USOIL (Crude Oil) monthly gives no clear indication for bulls or bears. However, if you observe closely the crude oil has hit its resistance and is trading near it. We are expecting a downward movement in black gold and pick entries in a lower timeframe
Let us know what do you think of the idea in the comment section.
Let's find out the monthly outlook of the two most essential commodities i.e Gold and USOIL
Gold on Monthly charts favors bulls for the month of July.Technically the yellow metal has made double top and for last three months posted negative closing. We are optimistic this month as technically it is trading on the support trendline.
USOIL (Crude Oil) monthly gives no clear indication for bulls or bears. However, if you observe closely the crude oil has hit its resistance and is trading near it. We are expecting a downward movement in black gold and pick entries in a lower timeframe
Let us know what do you think of the idea in the comment section.
