On the heels of the release of satellite imagery showing notable instability around the site of North Korea's nuclear bomb testing facility, NBC reports that three US military officials have observed North korea moving mobile missile launchers and preapreing hard sites in the last 48 hours.
We can expect movements in safe-haven assets like JPY and GOLD.
Currently, the GOLD price is $ 1322 and we can see a H & S formation on H4 chart. The price is still on the neckline, but the foundation makes short positions a little risky at these levels.
USD / JPY approaches 200 SMA and is currently locked between 50 and 200 moving averages. Probability of short-term consolidation, with caution to take short positions if we see a missile launches.
Junior Trader Stefan Panteleev
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