AUDUSD
AUDUSD has fallen very aggressively last week from 0.7720 that appears to be wave three of an impulsive decline, so we need to consider the idea that the top is in place and that a big downtrend continuation is in the cards. As such, we will expect more weakness after any three wave bounce which may show up in the near-term in red wave 4) as wave 3) can be near completion.
AUDUSD, 4H
GOLD
Gold made a quite deep retracement but for now only with three waves, labeled as A-B-C on the 4h chart, so a decline can be corrective while market trades above 1237 level. In fact, notice there was a nice bounce from 1257 in the last few sessions which could be low of wave C so more upside can follow soon. A break out of a downward channel will be just another confirmation for more gains are ahead.
GOLD, 4H
