On the monthly chart, the dollar index is approaching strong key support at 88.50. This means that the current fall in the dollar may soon be replaced by a good growth. We will leave this as our baseline scenario for the next year. Of course, one should not discard the second option – breaking through the level. Then the fall of the dollar may simply increase. In both options, there is room for both rise and fall:
Oil will face serious resistance next year – the line of the descending channel, which can send the price down, forming a serious correction in black gold. Although, if quotes break through the downtrend, prices have interesting prospects:
In our opinion, gold has not yet exhausted its growth potential. Therefore, reaching the target in the region of 2200.00 next year is quite justified. It is also worth paying special attention to the formation of the flag on the weekly chart of the precious metal, which can throw prices and above the considered levels:
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