NzdCad- Large flag could lead to 1k pips gain

After it found the bottom at 0.76 back in October ’22, NzdCad has started to rise and with the 0.83 break it also confirmed the reversal to an up trend.
The high of 0.88 back in December is followed by a correction and confirmation of 0.83 as new support.
The drop from 0.88 to 0.83 is contained in a large 5 months flag which at this moment seems complete.
A new leg up is probable from this point on and, considering the first leg up is 1.2k pips, we can expect the same.
In conclusion, I favor gains for long-term trades (3 months or so), and this bullish scenario is negated by a drop under 0.82

UsdJpy to continue its rise and test 140

On the 4th of May, I’ve written that UsdJpy could reverse from strong support and retest 138 zone resistance.
Indeed, after a double tap under 134, confirming a strong demand zone around this figure, the pair started to rise and after a strong bullish candle yesterday, reached my target.
Although we are in a strong resistance zone, I expect this level to be broken and the pair to rise once more and test 140.
Of course, correction is possible at this moment, but this drop should be considered a good buying opportunity in search of a good risk: reward considering the up mentioned target
136 should provide support now.

Gold could reverse to the upside

In my yesterday’s comment, I said that Gold could drop further and test 1970’s very important support.
Indeed, after an anemic rise above 1990, the price continued down and made a low at 1975.
With the long-term trend up and short-term trend down, XauUsd is pretty tricky at this moment.
However, considering the importance of the support zone, I favor gains from this point on and 2k resistance could represent the target.
A clear break under 1970 would put a pause to this scenario.