GBPUSD
GBPUSD is trading higher in front of the Brexit vote. This move up is close to completing a five wave structure from blue wave B lows. For now we still expect a minor pullback in red wave 4) and a push up in red wave 5 to around 1.4840 area. The current correction in wave 4) may find its support around 1.458 region, of a formal wave 4, where a new turning point may happen.
GBPUSD, 30Min
GOLD
On the intraday chart of GOLD, this latest turnaround we believe is a corrective retracement labeled as A-B and C which can find its support around 1260 region. For now, we have seen a sharp impulsive fall labeled as A, and its contra trend overlapping price action labeled as an unfolding wave B, which could be a triangle in the making. This is a continuation pattern that can, after its completion, push prices lower into wave C.
GOLD, 1H
