GOLD - Buy TimeWe need to hold 1236$ support trend line else gold will most likely go --> 1180 which would be crazy crazy oversold
High risk reward that 1236 holds
XAUJPY
stay neutrialwhen we talk about JAPANESE YEN VERSUS GOLD we are talking about safe haven currencies both of them in same needs and same movements versus USD .
so when we wanna know JPY and Gold real way you should track this pair.
overall
XAUJPY looks below weekly uptrend for the second week in succession but it looks failed to broke daily uptrend
so i will stay watching until it confirming 142000 area then i will sell
Big move in XAUJPY coming soon to a theater near youI've never seen such a coiled spring in all my life. Trading in a 4+ year channel, on top of a triple symmetrical triangle on shrinking time horizions and now a 4 week channel as well. I mean I do not know what else to say. This thing is going to blow like mount saint hellen and to which direction do not know.
