GOLD and NZDUSD Intraday: Elliott Wave Analysis
No change on gold so far; move is slow and sideways so we see it as a minor correction within ongoing decline of wave (v) that still can fall to 1120/1130 area before bounce can be found.
GOLD 1h Elliott Wave Analysis
It's been few days since I looked on NZDUSD, as we put it on the side after closing a nice short trade on Monday. However, now again this pair can be forming a new very interesting pattern, maybe an ending diagonal in wave 5 which is a reversal pattern. However, there is room for a decline towards 0.7600 before market can be bottoming. For a bottom confirmation, we however will need to see an impulsive bounce. For now, that's not the case, so trend is down, but its a good count to keep an eye on.
NZDUSD 4h Elliott Wave Analysis
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