PEPPERSTONE:XAUUSD Gold has rallied to all-time highs this week, however, in the last 32 hours it has slumped by 90$ rising to the possibility of extended flat correction possibility. in this scenario, wave C could reach 1.168 of A-B fib-extension. which is 2220 $.
Bitcoin has extended northwest but more so sideways than up. With B Wave extending to 1.38 of A, we can expect the all too common, Extended Flat to manifest in bearish fashion. The most common targets for C wave of an Extended Flat are 1.23 and 1.618 of Wave AB. These targets will take us down to the range of $38K - $30K; also the same level as the previous...
Look out for the Ending Diagonal to form for C Wave of the extended flat. $45K remains the target.