Gold is trading within final stages of a blue wave v in a bearish impulse. Specifically, we see price approaching some interesting support levels near 1304/1300 zone, from where a new trend reversal may show up, in three waves. There Fibonacci support of 61.8, 200 and 261.8 can react as support zones and push price higher.
EURAUD has moved nicely to the upside in the last 24 hours, to 1.5800 from where we can see an intraday pullback; ideally it’s only a temporary minor correction that can stop at current triangle support line. We expect more upside as long as pair trades above 1.5624.