EUR/USD - With a low at 1.2223 blue wave b could be in place, but as long as minor resistance at 1.2290 protects the upside we still could see a deeper decline into the ideal-target area between 1.2174 - 1.2215, before blue wave c takes off to the 1.2522 area.
Dow Jones Industrial Index - Not much new to add here. We could have seen the end of wave 2 with the test just below 13,090 or we might need a slightly higher rally towards 13,187 before the top is in place for a break below 12,830 to confirm that wave 3 down is under way.
Gold - Are a rally higher towards 1,680 in work here or has we seen a top at 1,629? As long as support at 1,597 protects the downside we should accept the possibility for a move higher towards 1,680, but a break below 1,597 will ease the upside pressure and call for a test of 1,580 on the way to 1,547 and all important support at 1,521.
Silver - See my post from July 3 here first:
http://theelliottwavesufer.blogspot.dk/2012/07/i-am-back-from-vacation.htmlWith the break above minor resistance at 27.31 we should expect wave B towards resistance in the 29.80 - 30.47 area, from where wave C down should take over. The big questions is of cause if we will be able to break below support at 26.00 and more importantly 21.24, but time will show.
Crude Oil - After a perfect test of the ideal target-area for red wave ii at 90.95 we should now be looking for a break below support at 89.04 as first good indication, that red wave iii has taken over for a break below 86.84 for a continuation towards 83.65, 77.28 and long term target near 72.00.
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