As my view the US10Y inside ABC correction. wave C end at price range 3.714%
The correction will be invalid if price close below 3.615 %.
we use US10Y as additional tools to analysis the gold.
The relation between gold and US10Y is Inverse relationship.
**For week 31-7-2023 until 04-08-2023. Price : 1959
My Idea about Gold the price will go down from price 1968 to 1932 -1930 to complete wave c from 4 and then will rise to 1982 again.
*If price stay above 1982 it will continue to 2007 - 2011 to complete wave 5.
*Looking for price action between level 1968 and 1972 to sell.
** SL 1975 (70 pip from 1968)
EURJPY IN UP TREND BUT NOW THE PRICE RETEST HEAD AND SHOULDER PATERN ( 4H FRAME )
FOR SHORT POSITION FROM CURRENT PRICE AND TARGET 117.650 (SL 118.95)
FOR LONG POSITION ( MAIN TREND ) ENTER FROM 117.620 AND TARGET 120.600. (SL 117)
CANCELL SHORT POSITION IF PRICE MOVE UP AND CLOSE AFTER 119.
ENTERING THIS IDEA AT YOUR OWN RISK.
DO NOT ENTER THIS IDEA...
PRICE RETEST WEEKLY RESISTANCE BETWEEN 26.20 AND 28 , AND TRY TO COMPLETE HARMOONIC PATERN ( BULISH BAT ) .
TO CONTINUE DOWN TREND MUST CLOSE BELOW 20.15
IF PRICE CLOSE UP 28 LEVEL IT WILL CONTINUE UP TREND SIDE.