Gold looks like it's correcting and gaining more energy for the next move up. Short term sell and mid term buy.
I think it needs one more down before going up.
Channel support, bullish harmonic gartley, and bullish divergence.
Clear trendline break and reversal and our demand zone target down.
Harmonic Long Opportunity and Targets.
We have two fibonacci trend extension , one support level and one harmonic pattern and a channel bottom confluence zone at about 7800-8100$ area. So this may trigger some upside reversal (short-term maybe). Watch this level out .
Clear harmonic pattern entry
Bitcoin reached it's lower channel line and look oversold. I expect bitcoin to get back on it's bullish trend. P.S. Look at bitcoin logarithmic, it gives you much better visual on what's happening.
red line shows significant resistance zone. confirming above this zone shows a new bullish trend. Possible targets are shown with arrows.
It's a great time to watch gold carefully. Gold should decide which way it is going. both targets are shown.
This looks like it broke temporary resistance. in case of confirmation, it will move upward.
Strong trendline breakout and good chart patterns.
If gold passes the red line with good bearish candles, I'd say it goes down.
Next resistance is dashed red line. I think It'll go up.
Breaking prior higher high, heading to next resistance.
Minimum and Maximum target are shown in chart.