AUDUSD
AUDUSD is now already in a potential for a 5 wave fall from recent highs. We still have not broken the latest lows when this large correction started unfolding. Currently we expect a pullback and a potential 3 wave rally to the upside. This may be a simple ABC corrective pullback and could suggest that we might see new lows on this pair soon.
AUDUSD, 1H
GOLD
Gold is in an impulsive wave up. The current wave structure suggests a potential short pullback in the red wave iv). We are still unsure if this is just an ABC on a larger time frame count, or if we will see a fully developed 5 waves up from the lows on larger time frames. For now, the price action suggests more upside levels. In the volatile times when stocks falls Gold acts as safe haven for investors, therefore the current upside is not a surprise.
GOLD, 1H
