EUR/USD; Gold and Crude Oil

EUR/USD - Still nothing to add here. We are locked up in a range, which is narrowing and sooner or later we will have this solved with a break either way. After having preferred the upside lately I'm now more neutral and will go with whatever way we breaks.

Gold is going vertical and we are closing in fast on my next target near 1,905. One should be very careful at these very lofty areas. These is not buying areas, rather one should consider shorts up here. Believe me Gold will come down and especially after we have begun to see gold rise vertically, that is always a death sentence.

I will admit that I have a more bullish count that is shown above, but this count have the present high as a major wave 3 and calls for a major wave 4, but even this count should see us back to at least the 1,300 area.

Crude Oil - I'm still looking for red wave v to brings us down to the 72 area as wave 1 in the new down trend, which ultimately should take us below the late 2008 low at 32.40. That will end the major A-B-C correction we have been looking at since the major top in mid-July 2008 at 147.27.