GBPUSD
Cable is not moving much this week, which is fine as the price action normally slows down after a strong move like we have seen one from 1.3277 swing high last week. This was an impulse so more weakness is expected after a corrective bounce which is now unfolding for wave B. Ideally, the price will retrace to 1.3140 where bears may step in.
GBPUSD, 1H
GOLD
Gold fell down to 1310 as expected, as we were looking for a fifth wave of decline in wave C). This leg is now in play but can be near completion at the lower side of a diagonal line that can turn into a support. So ideally, reversal is near, but we would need to see a rise back above 1325 before we may confirm a low in place.
GOLD, 1H