Gold made five waves up in a, so recovery should move even higher in sessions ahead as corrective structures are made by minimum three waves. Currently we see price moving sideways, so it’s probably wave b that can be looking for a support around 1085.
GOLD 1h Elliott Wave Analysis
German Dax is still in a deep pullback mode but it’s possible to count a three wave set-back from the high, which is a contra-trend pattern; a zigzag that can be looking for a support around 11000 area this week. As such, new bounce could follow, ideally in impulsive fashion back towards 11480 bullish level, where overlap would confirm a bullish turn for the index.
DAX (Sep 2015) 1h Elliott Wave Analysis