Hi Guys,
this is based on my post dated Jan 11th (GOLD vs USD/JPY - daily) but 4hours. Here is the link:
At A) Gold is encountering resistence. USD/JPY bounced and took the distance from A) on Jan 3rd.
The A) of USD/JPY was formed at the same level of Y) whilst the A) on Gold was formed below Y).
I don't know if Gold will ever reach Y). At the moment it...