USDCHF finds a resistance at the previous support zone of 1.012 ish, showing us that the pullback is over attracting more sellers to enter the market
Gold losing it's power as dow strenthens. Closing below previous support on weekly will identify a newly formed resistance - continuation of the downtrend
All the major cryptos have sky rocketed lately and ether is not sitting on the sidelines too. My view on it is similar to the one I have on ripple, 50~61,8% fibonacci retracement from current level is much needed to set cryptos on organic price movement pace to attract real investors who, in my opinion see the current situation as a last kiss before the big drop.
XRP has performed an outrageous move lately surging from 0.315 to 0.44ish depending on the exchange. A healthy 50~61,8% fibonacci retracement from that zone is what Im waiting from ripple. What adds up is a double top pattern.
Gold has completed the retest of the broken descending trendline, bouncing off the 50% fibonacci retracement triggering the long orders
Another retest of the broken ascending trendline as well as the previous support acting as a new resistance at 62.40
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GOLD has broken the descending trendline, becoming a save haven for investors during the unstable economy. Anticipating this tendancy will keep pushing gold higher for the next few months. Hit the like & follow if you enjoy my ideas :)
Crypto finally goes up? BTC turns out a pioneer of the new bull cycle, leading other crypto majors after. Or another attempt to grab the crowd? Check my yesterday's post on btcusd -