The Japanese YEN and Gold often move in tandem. Something to do with the YEN carry trade I read, although the intricacies of the YEN/Gold dance are lost to me. No matter. $YEN is sitting on the uptrend line from January 2016, as is Gold. Is $YEN building out an ascending triangle?

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Here is the GOLD chart – yesterday’s close only so far. The dotted charcoal coloured uptrend line is the focus of attention just now. So far so good. We watch and wait…

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