Elliott Wave and Associated Fibonacci Analysis of the AUD/USD Currency Pair (by Sid from ElliottWavePredictions.com).

The Aussie is nearing a area of strong support.

Since Gold and the Aussie are often highly correlated, Gold could easily follow a similar roadmap. Often, the stock “ASA” can be used as a proxy for Gold. See the potential Elliott Wave count and associated Hurst cycle analysis on ASA below.

Sid
http://elliottwavepre.wpengine.com
http://ElevenQuarterStocks.com