according to the channel and elliot wave i hope my target is true
gbp/jpy is short in 4h According to Elliott and Wave 4 analysis, we expect the end of correction and the end of Wave 4 Radar. Given that it has reached the 50% Fibonacci level of the chart, we expect the beginning of Wave 5.
Gold is expected to react to the p r z area and gain strong support to climb the specified area.
In the 4-hour chart, we see that we have reached the end of a bearish channel and we expect the price to move up and break out the Resistance line
In the diagram we see a decreasing triangular pattern and wait to see which side will break. After breaking and stabilizing, we enter into a deal. According to the dyx chart, it will most likely break below the support line...... good luck.....
Gold is at the bottom of its uptrend channel. If it can break the bottom of the canal, it can fall well. So let's wait and see how it goes.
We see that the gold in the time frame of 4 hours almost formed a corner pattern and then managed to break it. And also continues to move in a downward trend that after hitting the 1889 support area and defeating it goes to the 1875 area.
xau/usd first grow to risistance line than begin to fall