EURAUD is moving nicely higher, and this one is known as bullish pair when stocks are lower. It seems like it’s wave four now that may test 1.6000 support and then make another leg up.
EURAUD, 1h
Gold perfectly fell to 1319 level as talked about yesterday where wave C may bottom as metal moves to lower side of a triangle range so we do not expect any impulsive moves yet, but rather a new three wave structure; to the upside for wave D).
Gold, 1h
Gold, 4h view of the Elliott wave triangle pattern:
