We have turned bullish on gold last week and based on later price action we may see continuation to the upside in this week. we are looking at three wave set-back from 1306 with nice projected support for wave c around 1282-1285. If we see that hold, and reversal up to 1300 then 1310 and 1320 will come in play.
GOLD 1h Elliott Wave Analysis
Crude oil reached new lows yesterday around 100.30 but rallying today back to 101.40/60 zone which now looks like a flat correction in wave iv). We expect a resumption of a downtrend in the next 24-48 hours.
Crude Oil (June 2014) 1h Elliott Wave Analysis
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