Following are the highlighted point where market wil reach for now we will like to buy near 53k and sell at 61k
Highlighted levels are where market will reach for now we are looking fo rpotential short entry from 58112 level
highlighted levels are where market react closing below 54800 is downtrend and viceversa for close above 59200
Highlighted lines will help you decide the next move
breaking 57k and staying below will open some downtrend for this week
Following are the immediate support and resistance level to watch for next correct move why we should wait and let market show the next move is to wait market is dried no volume and Economies are recovering with vaccine rollout
keeping out yesterday analysis in consideration we wstill belive gold is looking to go up to 1750 level to make market balance ans fair for next movement why you should not trade no this level reason NO VOLUME . market could move anyway have patience sell from upper 1750 area if 1750 breach we have perfect entry point of 1760 where i have my eyes targeted
Keeping close eye on this pair we belive USD CHF is ready to go down now after testing weekly resistance
Since our last analysis played out great w are now looking for sell from top again let the gold do the move in low volume market its can move any side for now probably upward for now upcoming NFP will put the gold on fire
Lots of market buy and short positions are being added at the moment . patience is key to highly volatile Bitcoin , we can head any way from here chances are going down more likely but i wont buy on this price level either
WE are about to face 1761 ressitance on hourly breaching this will take us to upper 1780 level where probaility of going down is more but since gold is in downtrend chancesa re 1804 level could be touched for further aggresive selling
Gold is in downtrend but market need some uoward movement to go down more have patience and sell from top
gold will go up this week just be patient and buy on previous week lows which is 1834 and 1815 mark
incase bitcoin dives from here thing would get pretty bad and out first support is 22500 for upside we have 33k 34600 and 37k be very aware of false breakout downside to gather momentum and volume for upside movement right now we are on very low on volume and hanging on support this should be interesting
in previous annalysis we highlighted 37k base line support following 36k we broke pas those and lookin at 33k and 31k now if we didnt hold we arestright going to 23k
we are expecting potential drop this week from 1870 or 1865 mark , since 1860 mark hourly is resisting price on hourly we will keep eye on this as well
as per our previous analysis price respected all support and resistance linnes , now we are looking at upward direction with immediate support of 37k following 36k
immediate support is 38000 round figure following 35000 32000 for upside we have same resistance 39575 and 41000