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gold / oil predictions for next 3-4 weeks

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    OK here goes - I'm gonna give my view of what I believe will eventuate over the next 3-4 weeks in Gold and Oil - based on my technical interpretation of the XOI and HUI and assessing the degrees of probability in each.
    Firstly Oil and XOI - has broken through and closed above resistance at 728. Looks to be set for a move to around 763 over next 3-4 weeks. ASX energy sector should follow hot on heels.
    Gold and HUI looking to test below 200 - long term trendline support around 195. Relative strength has been rising - I think we may get a BIG bounce in next couple a days for start of next major up leg with pause at around 215 - again Aussie co's should follow suit
    I could be wrong and may well be - but I am banking my hard earned on these scenarios developing
    Appreciate any comments
    cheers
 
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