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GBPAUD is still looking up.

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I'm bullish on GBPAUD as long as market trades above 1.92897.

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Gold did not move much last week so our view remains unchanged. We are expecting another swing high as we see slow price action in tight range that looks like a triangle in wave b). as such, price is expect to rise to around 1240/1250 before downtrend can be coming back later this month. Save 50% on subscription www.ew-forecast.com

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AUDUSD found a low just beneath 0.7558 and turned up in the last few days, probably into a temporary corrective rally. This can be wave 2) that is already showing a corrective structure on the lower time frames which can stop at 0.7730-0.7780 resistance. An impulse sell-off from there will send pair into a new strong bearish impulse. Invalidation level is at...

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We believe that new correction on EURUSD has started, but of a larger degree, which means that rally can lift prices even back to 1.1200 area, before larger downtrend resumes. more details >> www.ew-forecast.com

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GOLD: Ending Diagonal Suggests For Bounce From New Low. More details www.ew-forecast.com

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Crude oil is in strong impulsive downtrend from 107.50 that appears incomplete as impulses are five wave pattern, but latest decline from around 96 looks like an extended wave 3 that could be looking for a support around current levels, or at 72.00, We believe that new corrective wave 4 will occur by the end of the year details: www.ew-forecast.com

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On the weekly chart we are still look at incomplete big three wave decline. We see wave V now in action towards $13-$14 in months ahead. source: www.ew-forecast.com

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Gold has recovered up to 1320-1342 resistance area that we highlighted it several times in our past updates. We also noted that bearish reversal could be near if we consider a double zigzag from the low. Well, market fell very sharply in this week through the lower support line of a corrective channel that suggests a completed wave (b). With that said further...

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On EURUSD, as said, we have five waves from the lows, which means that trend has changed and even if just temporary we need three waves to the upside. Therefore keep an eye on three wave set-back for longs again 1.3670. www.ew-forecast.com | 1 month trial @ 1€

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GBPUSD found the support last week and recovered nicely above the upper trend line of a downward channel. A reversal from the low can be counted in five waves on the intraday charts, so we suspect that trend has ...read more >> goo.gl

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GOLD is capped in an triangle pattern. www.ew-forecast.com

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Gold moved to a new swing high recently, to 1260, a leg that which can be considered as a final part of a recovery from 1181. We see move up from 1214 as potential ending diagonal placed in wave (c) that could complete recovery in this week, either at 1260 or 1265. An impulsive downside reaction back beneath 1230 would put bearish price action in...

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Current leg up now represents wave (c) that may reach levels around 1267-1280 in this week, before we may again look for a bearish reversal signs. www.ew-forecast.com

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Gold fell to a new low on Tuesday but then reversed significantly from 1181 which means that decline from 1267 appears to be a completed five wave move, so current award reaction should then be a temporary corrective retracement. Corrections are three wave patterns so be aware of more upside after wave b). Larger trend remains down as long as 1267. www.ew-forecast.com

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Gold has turned sharply to the downside in the second part of December which has been expected after only three waves up to 1267, labeled on the chart as a)-b)-c) zigzag. Recent decline from 1267 and 1251 was very sharp and directional that has already fallen to a new low so we believe that red wave iii) is in progress, that could be targeting 161.8% Fibonacci...

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Gold has turned sharply to the downside in the past week which has been expected after only three waves up, labeled as a)-b)-c) on the chart. Current decline from 1251 is very sharp and directional that has already reached a new low so we believe it represents red wave iii) in progress, targeting 161.8% Fibonacci extension level at 1175. www.ew-forecast.com

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GOLD found some support on Thursday, but rally from that low is slow so we believe it’s a corrective wave iv that will sooner or later send price back to the lows; ideally to 1180 level from June. Invalidation level for gold is at 1226. www.ew-forecast.com