Fibonacci levels show the price can go up to 2.75 from its current level of 2.63 by around 5%.
AVGYO has a potential flag formation, RSI is supportive.
- Hard folk is positive. - Technical are supportive. - Still on the curve. - There may be a "short" period when reaches $450 (cup & handle). - Likely to go over $450 late September.
- Entered to a new channel. - $100 is the new resistance.
The correlation between gold and bitcoin is increasing with the increasing global tension. Is it a coincidence or is BTC a safe heaven?
Just an expectations based on price trends.
Please see the chart for details.
Gold broke the downtrend and can target $1400 with the upcoming global news (N. Korea, Trump's future, etc.)
- 2nd macro curve may start its move in September. - Support above 3K. - New resistance to form over 6K in November (post Segwit2x).
- short run trend shows strong 110,000 resistance. - long run shows retreat to 85,000-90,000 level.
- A potential bull flag formation is almost ready.
- Trend dynamics support 3.35 but lower levels are less likely. - The potential uptrend will be defined with the key topics (on the chart).
- May fall to 86 in the next days. - Still on the curve. - DXY may be stronger in 2019 and 2020.
- Volume is falling. - RSI is not supportive. - $4600 resistance is strong. - Likely to fall in the next days to below $4000 level.