Gold has been very slow lately so we assume that sooner or later market will wake up. From a technical perspective strong reaction could be to the downside as we see recent upward price action in shape of a wedge pattern. It’s called an ending diagonal in Elliott Wave theory that usually occurs ahead of a strong turning point. We however still need impulse down to 1232 to confirm any change in trend.
GOLD (Feb 2014) 30min Elliott Wave Analysis
USDCHF is at the highs, but leg from 0.9085 can respresent wave v), final leg of an impulse from 0.9030 so be aware of a intraday corrective pullback to 0.9085. Larger trend remains bullish as long as 0.9085 holds.
USDCHF 1h Elliott Wave Analysis