AUDUSD & GOLD May Face Resistance Soon – Elliott Wave
AUD/USD Daily Outlooks

AUDUSD & GOLD May Face Resistance Soon – Elliott Wave

AUDUSD is sideways, but still above 0.7313 support so our view remains bullish for the next few sessions as we believe that the pair has accomplished wave X pullback that is part of a double zig-zag in fourth wave. We see a nice technical area at 0.7500 where upside could be limited. If this area will be seen then we will be considering shorts later this week.

AUDUSD 1h Elliott Wave Analysis

AUDUSD Elliott Wave August 10 2015 technical forex analysis for currency trading


On Gold we are observing a corrective rally that is still headed higher within wave iv) rally. We see the price breaking higher; out of a wave b triangle so the market can reach the 1110 area before a bigger downtrend will continue this week. If from any reason price would fall back beneath 1080 then we will looks straight down into wave five, targeting 1060.

GOLD 1h Elliott Wave Analysis


GOLD Elliott Wave Elliott Wave August 10 2015 technical forex analysis for currency trading

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Gregor Horvat

Gregor Horvat

Grega Horvat Grega is based in Slovenia and has been involved in markets since 2003. He is the owner of Ew-Forecast, but before that he was working for Capital Forex Group and His feature articles have been published on,, Action forex, Forex TV, Istockanalyst, ForexFactory,,, etc. He recently won the award on for Best Forex Analysis in 2016. At Ew-forecast he helps clients and educates them about the Elliott wave principle and how to label and track unfolding patterns in real time. His approach to the markets is mainly technical. He uses a lot of different methods when analyzing the markets such as candlestick patterns, MA, technical indicators etc. His specialty, however, is Elliott Wave Theory which could be very helpful especially if you know how to use it in combination with other tools/indicators. EW-Forecast To be involved in the market effectively, you need the right guidance and resources, and our team can help you to achieve that. Our team is providing advanced informations about Elliott Wave theory in real time. The Elliott Wave Principle gives you a method for identifying the behavior of the markets and at what points the market is most likely to turn. We help new traders who are interested in Elliott Wave theory to understand it correctly. We are doing our best to explain our views as simple as possible with educational goal, because knowledge itself is power!