Gold and silver fighting for the end of a mid-term downtrend or maybe it is just a take profit action before the end of the year?
Most of the instruments closed in short-term pennants or a rectangles. It’s a result of a flat market.
EURJPY with a correction equality pattern and a head and shoulder formation.
Nasdaq in a rectangle, SP500 in a pennant, both showing bullish potential.
Source:: Daily analytical report (27/12/16)