the BTC/Gold chart reveals a cleaner and more structured representation compared to the BTC/USD chart. The BTC/Gold ratio highlights a key retest of a significant support/resistance zone, which aligns with historical trends in this pairing.
This retest solidifies the validity of the level, providing a clearer technical setup for traders. The BTC/Gold chart eliminates much of the noise found in USD-denominated charts, offering a more precise outlook for potential bullish continuation or breakdown.
Profit targets and stop-loss placements should consider key Fibonacci levels and prior swing lows for strategic risk management.
This retest solidifies the validity of the level, providing a clearer technical setup for traders. The BTC/Gold chart eliminates much of the noise found in USD-denominated charts, offering a more precise outlook for potential bullish continuation or breakdown.
Profit targets and stop-loss placements should consider key Fibonacci levels and prior swing lows for strategic risk management.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.