GBPUSD is now trying to recover, following the footsteps of the EURUSD swings. On the chart below we are looking at an incomplete corrective move that can be flat if we consider a three wave drop from the 1.7098 high. With that said, i would not be surprised to see a rally back to 1.7100 before going down.
GBPUSD 1h Elliott Wave Analysis
GOLD broke down in the last two sessions, and it seems that the market is in wave iii now, finally heading down to a new low, beneath 1291 and possibly to 1285 as a projection level. 1311 must stay untouched in this case.
GOLD 1h Elliott Wave Analysis
