GOLD is looking bullish after sharp bounce yesterday to our 1122 projected level that we highlighted it in our recent updates. We see good structure for a bullish impulse so be aware of more gains ahead, minimum to 1130 for blue wave (iii).
GOLD 1h Elliott Wave Analysis
USDJPY is moving nicely to the upside, in-line with the stock market. FX pair is showing higher swing lows from 119.38 where we think that pair complex a complex correction, especially as price also recovery out of a downward channel. Ideally pair is headed above 121.34 where decisive break will put 122.20/50 zone in play.
USDJPY 1h Elliott Wave Analysis
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