yen

Here is the update of the USD/JPY chart I recently posted. If you refer to the EW video in Krystar’s comments it seems possible now that a wave A correction in gold could end at the 2-4 line followed by a wave B bounce in gold and final wave C down in gold corresponding to the target line/trend line intersection. In other words, ATM the 115-116 area in August is where I expect a major gold recovery.  This does not necessarily mean the correction is over but it is probably a safe, tradeable re-entry point.