XauUsd is flirting with 1900. My target remains 1930 though

As I explained on Monday and yesterday, in my opinion, Gold will reverse and rise to test the 1930 resistance zone.
My opinion remains the same and after yesterday’s price action is even reinforced.
As we could’ve noticed, after the touch of 1905 interim resistance (my initial target), Gold dropped and tested 1890 once more, bulls quickly took control leaving a nice H4 pin bar on our chart.
Also, XauUsd looks like it is forming a rounded bottom on shorter time frames, one more argument in favor of bulls.
To conclude, the strategy remains the same, buy dips with a target at 1930 zone and negation under 1883 low.

XagUsd- Will history repeat itself?

As I said, before, I usually use XagUsd as a leading indicator for Gold, and more often than not, this is the case.
Also recently, although XauUsd made a new low, XagUsd stopped its descent and reversed and on Monday the reversal was very strong, with the price slightly getting back above both the ascending trend line and the horizontal level followed by a clear up break the next day(yesterday)
If we look back at March, we could see a similar pattern, we a double false break and strong reversal.
With a renewed appetite for precious metals, we can expect price action to act in a similar way.
Technically speaking, a false break leads to reversal, and also, the recent bottom is marked by a lot of reversal candles and candle formations.
23.25 is strong confluence support and considering a trade in that zone with a target in the next important resistance a trade with a 1:4 risk: reward could be achieved

CadJpy- Has it topped?

Since mid-march, CadJpy has had an impressive rally, with the pair gaining 1500 pips in only 3 months.
A steep 500 pips correction followed the top consolidation and after this, the pair resumed its up move.
However, looking at recent price action we can see that the pair is struggling and the last 4 attempts to reconquer 108 failed.
At this moment the possibility of a lower high is probable and a new leg down could follow.
Confirmation for this comes with a break under recent trend line support but aggressive traders could look to sell rallies against the recent top. In such an instance, a 1:4 r:r could be achieved.