Gold in turbulent times- Analyzing the recent Price Action

On Monday I wrote that Gold is at an important crossroads and clarification of direction could lead to a 500 pips move.
Indeed, as the price developed, it was clear that bears won the battle and, once the 1915 important level was cleared, XauUsd dropped like a stone, smashing yesterday the support provided by August’s low, and making a new low for the past 6 months.
The structure is extremely bearish and trying to go against it is like trying to catch a falling knife.
An eventual up correction should be used as a good opportunity to build on shorts keeping in mind the 1855 target for a good risk: reward ratio.

EurJpy range bound- Is distribution in play?

A few days back I discussed UsdJpy, saying that even though there is a high divergence between FED’s and BoJ’s policy, at the same point the pair could reverse hard.
In EurJpy’s case, however, things are not exactly the same and technically, we even have strong signs of topping.
Looking at the h4 posted chart we could see that for a month and a half now the pair is in a range and in fact, it looks like pressing down so it could be in fact, distribution.
That being said, as long as 158.50 is intact, I looking to sell rallies in anticipation of a break under support.
As for the target, 153 is a pretty reasonable one if we have a genuine break

Bearish Outlook: EurCad’s Potential 500 Pip Drop Ahead

Since the beginning of 2023, EurCad’s price has been trading above 1.4250, a level that became a very important line in the sand, with a test in January, February, and back in June,
Recently, the price came back to this level and after only one day of consolidation, yesterday broke under.
This is a very important break for the pair and opens the door for further losses.
As we can see from the chart, yet another important break happened at the beginning of the month- The ascending trend line support- and also the price action from the past 12 months resembles an H&S.
All in all, I expect a drop of around 500 pips in the coming months and a positional trader could take advantage of such a trade.