Gold is bullish trend, and I strongly believe next year 2023 will be gold rally again, surely because deflation of the dollar.
Descending Parallel Channel Breakout and Retesting HH, HL, Confirmation of uptrend Ascending Parallel Channel formation Take the long position towards the bottom of ascending parallel channel keep proper stop loss and enjoy the trade
Hey guys, as always: everything relevant is attached on the Chart. I'm looking for a possible bottom here to hold my longs mid-long term, as I can see possible signs of a reversal. We bounced off the 70% Fibonacci Retracement at 1750 yesterday, which is likely to be the bottom of wave 2. Anyways I'm not excluding another leg down to 1729 which will be the best...
Overall the next immediate target to the upside is $1,940-50 region before we can then look at $2,000 which is not to far away. The dollar may have reached the bounds of its recovery limits after the index peered above 90.000, but could not sustain momentum long enough to establish a platform in the absence of any fundamental catalyst or reason in contrast to...
BITCOIN: BTCUSD Bitcoin hanging in the balance right now and could tip either way. Best to keep an open mind so you're ready to follow this from here. Either way there are good trades here likely to open up but until Bitcoin can climb above 2300-2340 it remains at the mercy of bears