The US federal Reserve is not the only major central bank making an interest rate decision this week. So too, will the nonconformist Bank of Japan (BOJ). In its April policy meeting, the BOJ highlighted upside risks to inflation and indicated readiness to adjust monetary policy, if necessary, although it expects to maintain its current policy for the time being....
The count for XAUUSD is not clear. However, it looks like the price has not yet finished the trend and 1540 is in sight. Very difficult trading with loose SL and small positions. USDJPY also looks down.
reaching daily and weekly resistance. shorting around the 114-115 resistance zone
if can hold at support and up to 110.130, entry above 109.245, sl 108.855.
Double Bottom - Almost break of the neck line. Look to enter retest of the neckline.
We can see price hit resistance in previous structure and has now formed a very exhausted 4HR candle indicating that the upside is now in view. Oil and Gold have reversed their bearish Dollar runs and the USD index is also picking up which adds further weight to a long trade. Good luck!