This jump looks like combination and there is chance for oil to revisit highs. Small triangle on lower time frame with breakout suggest quick upside in short time. lets see
Gold wave (1) of major C comes down to 1895 approximately. After that , complex & deep correction take it up to 1998 from where wave (3) unfolded which drift gold down to 1788. From 1788, wave (4) comes out & reached 1878. Now Gold is in wave(5) insider major wave C. The key levels are 1703 and 1655.
USDJPY key resistance levels given specially 139 or 139.34. As per EW, it will consolidate there & will touch lower boundary at 138.50 near. So that would be another buying opportunity coming soon. Wave 3 is in process and after placing top , expect wave 4 to be in consolidation drifting downside. Any drop at 138.50 or near will be interesting for thinking again...
Lets see