GOLD
GOLD is rising as stocks are moving down this week. We see metal doing an impulsive trend from 1058, currently with red wave iii) which can hit 1105 today. The current minor downward move looks to be corrective sub-wave iv. We are bullish on this market as long as 1083 is not broken.
GOLD, 1H
AUDJPY
AUDJPY was on our radar screen for shorts at the start of this week, but unfortunately, the downtrend trend was too strong and too fast to get involved. However, we see an ongoing weakness in the red wave iii) so there could be new opportunities on pullbacks. We will pay attention to a black wave iv.
AUDJPY, 4H
