EUR/USD - We are still in some kind of no-mans land, But the failuer to break clearly above 145 is of concern. Therefore we must consider the possibility of a truncated c-wave of the final e-leg in the ending diagonal. A break below 141 will raise the odds of this being the case, but only a break below 140.09 will confirm a turn EUR/USD much loower.
Gold is turning into a runaway market. We have a massive overthrow now. The price-action is becoming vertical all the signs of a possible buble building. When the buble blows, and belive me it will blow at some point, it doesn't mean a major collaps of the gold-price, but a substancial correction should be ahead. As long as support at 1,820 stays firm we can expect a rally towards 1,905 area (be carefull in front of the 1,900 handle). Any break below 1,813 will be the first warning sign, that the top could be in place, but we will need a break below 1,720 to confirm the top.
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