Gold is likely to bounce as the price has shown multiple rejections on key support 1305. I expect a retest of 1357 resistance as the price maintain the bullish trend structure as long as 1305-1300 zone is holding.
Yes, it did work this time! However, it was really nervous on March 20th so that I was going to close my order. Got some profit and now expect some rebound (to 1339-1340 or even 1332.5) before it goes up again. Lets see.
USDJPY is also bullish, Gold shows also kind of bullishness, but first one shows more strength. Let see which one is correct. One day candlestick favours for USDJPY. In my opinion Gold will make upstick up to 1323 territory then goes down, USDJPY will return to 106.60 territory then goes up