Gold and Oil again

Gold is loosing the battle with its EMA 50, which should be expected to happen this month and is looking the horizon from below. There is in place an unpleasant succession of lower highs and lower lows. A descending trend line, for now far enough from 540.

Is it possible that Gold will be trading downwards or sideways till the end of the year? Not likely.

On the other hand, with a few exceptions, every year over the last 15, Crude Oil has found its second half bottom in November or December. There is surely something here to think about.

Is it possible that Oil has already reached a bottom last week? I don´t think so.

After United States elections, we must assess these issues once more.