USD/CHF made a five-wave drop from the 1.024 area, and unfolded wave A) as part of a three-wave decline. The overlapping price activity which followed can now be a flat correction within a wave B), with its leg C being an EW ending diagonal. A sharp drop from the 0.9983 area, and below the 0.9800 region, it would confirm a completed A-B-C correction, and more weakness into wave C).

USD/CHF, Daily

Watch the video below for a more detailed view of the USD/CHF and gold:

Video Length: 00:05:14