Laraine Nuner CwGW
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In general, this is Saturday when other markets have stopped and closed. So $BTC can dance freely.
Let’s talk about BTC.
Admin analyzes a bit about gold.
Gold has formed 4 peaks and a double top pattern is forming, along with a small triple bottom pattern that continues to support gold for a long time according to the 1-day view.
In the long-term timeframe (M), gold will keep moving sideways (3100-3400), the area where it trades more frequently occurs more often (3237-3366).
Currently, gold has dropped out of the price increase zone (3378-3385), so the breakthrough potential is weak and it could easily fall back to 3237 in the near future. Therefore, the more gold rebounds, the more it should be sold.
This is the view according to the chart.
In the upcoming period, there will be a monetary policy decision from the Fed, so this is also a factor (x) difficult to predict market sentiment. And the instabilities in the Middle East as well as in Southeast Asia are also ongoing.
For now, just follow the chart view to trade down after gold rebounds because it has dropped out of (3378-3385) with a stop loss close to this area.
The target is 3237-3266. If gold falls straight to 3237, there could be a pullback to 3277.
Let’s talk about BTC.
Admin analyzes a bit about gold.
Gold has formed 4 peaks and a double top pattern is forming, along with a small triple bottom pattern that continues to support gold for a long time according to the 1-day view.
In the long-term timeframe (M), gold will keep moving sideways (3100-3400), the area where it trades more frequently occurs more often (3237-3366).
Currently, gold has dropped out of the price increase zone (3378-3385), so the breakthrough potential is weak and it could easily fall back to 3237 in the near future. Therefore, the more gold rebounds, the more it should be sold.
This is the view according to the chart.
In the upcoming period, there will be a monetary policy decision from the Fed, so this is also a factor (x) difficult to predict market sentiment. And the instabilities in the Middle East as well as in Southeast Asia are also ongoing.
For now, just follow the chart view to trade down after gold rebounds because it has dropped out of (3378-3385) with a stop loss close to this area.
The target is 3237-3266. If gold falls straight to 3237, there could be a pullback to 3277.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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