GOLD & GBPUSD Intraday – Elliott Wave Analysis


GOLD is still beneath 1119 so bearish intraday trend remains in play as bounce from the low was in three waves. However market is very slow, so it’s maybe better to wait on break beneath 1100 before further weakens can be considered.
Gold 30min Elliott Wave Analysis
gold july 21 2015 intraday
GBPUSD is slow, so move down from a latest swing high is looking corrective, ideally it’s wave B of a second zigzag that is pointing for push to a new swing high, up to 1.5700 area where we would be looking for possible bearish reversal.
GBPUSD 1h Elliott Wave Analysis

gbpusd july 21 2015 intraday(1)
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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.