Gold (XauUsd) could rise to 1980

As you may already know from my previous posts, I’m bullish Gold in the medium term. The basis for this outlook can be observed on the weekly chart. XAU/USD experienced a false downward break beneath the 1900 mark, but this, in the end, has become a bullish engulfing candle. This was followed by a breakout above the resistance of a falling wedge pattern, clearly visible on lower timeframes, followed by the break above the horizontal 1930-1935 zone (which I’ve previously discussed in my analyses).

Now the price is consolidating the recent gains and, considering Gold is facing the major falling trend line of the channel, a correction is not out of the question.
However, as long as the price stays above 1930- now support- bulls hold the upper hand and a sell would be pretty risky.

In conclusion, in my opinion, dips should be bought with a target at around 1980.
Negation comes with a daily close under 1930

EurUsd could drop further, even to 1.05 zone

In my previous EurUsd analysis I wrote that the break of the one-year rising trend line could signal further losses for the pair and traders should keep an eye on the 1.09 zone, suggesting selling above this figure.
EurUsd reversed perfectly from resistance leaving a long-tailed continuation Pin Bar on our chart suggesting bears are very strong.
Going further, I expect further weakness for the pair and I’m looking for a drop to important 1.05 very important zone support in the medium term.
The strategy should be sell rallies and only a daily close above the recent high would negate this bearish scenario.

UsdJpy could test 150 again

Two weeks ago I drew attention to the 145 level that should provide support for UsdJpy.
Indeed, the pair reversed twice from this level with a very strong reversal last Friday.
As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ.
I expect continuation to the upside and a new test of 150.
However, as I just said, KEEP IN MIND A BOJ INTERVENTION AND USE STOP LOSS!!!