Besides both JPY and Gold being paired against the USD, they are safe both safe haven currencies, hence the correlation.
Possible short term sell to complete the flat
Broken out of corrective structure, Wait for flag to enter
Impulse and flat correction, wait for upside impulse
Bitcoin impulse and correction,wait for breakout
Wave 4 is currently under construction. Buy flag breakout
Buy a clear breakout, don't rush in, if it doesn't break, trade will be abandoned. Get more detailed analysis on my weekly video on this link: www.youtube.com
This is not a trade setup but a forecast of gold and UJ
Are we ready to drop? There is a possibility of one more wave up (green wave v) before we drop, we need to see divergence between iii and v to confirm