In my opinion the next steps of gold is this and one of those two blue areas above will be the return zones for gold. The target of this wave is clear and about 1742-1750. On the other hand DXY is close to a good support area and it's being ready for an upward wave.
I will open a short position after convincing confirmations and TP 1 will be available for that. When the price reached TP 1, I will analyze the price actions and will update this idea.
As we expected from 1 month ago, we had strong supply zone in 18300$-18700$ ( the pink area ) and you saw the outcome. I will update the next steps of BTC soon enough. Follow the ideas to be aware of market actions.
USDT.D is still on it's way down to those two blue areas. The black area can be broken soon I imagine and on the other hand BTC can reach that pink area ( about 18300-18800 $ ) I told before. Watch out for taday's FOMC. I will update the Ideas after that.
According to PPI report I think we will see an increase in DXY and the outcome is decrease of Gold and BTC. one of these two green path's will happen I think and the target is those two black areas below.
As I said we needed confirmation on that black area for Long position and it didn't triggered but the price reached the blue pattern from below and I believe we have confirmation now. According to PPI report, I await for rising DXY and on the other hand we will see a drop on Gold and BTC.
I imagine that we can open a long position from one of those two black areas. Dont't forget to wait for confirmation when the price reached those two black areas.
According to previous Ideas I published, USDT,D is still on it's way...
I still believe that BTC can reach the top pink area. This Long position will be logical. Pay attention to TP and SL.
It proceeds according to the analysis. I still believe it can continue and reach those two blue areas below and BTC can reach about 18k$.
This is what I imagine for the USDT.D. the rout is only a guess but it seems that the pink area is empty and the target after breaking is those two blue areas. on the other hand, BTC can see the top pink area I told before.
We saw the demand from the pink area again but the area is nearly empty now and its ready to break. next time the price reaches the pink area, its possible to dump to the orange area below.
As you see we had a good demand from the pink area. in this situation is probable to see hunting from the both sides. during the next few days, the price actions will be more clear for us.
It needs confirmation. if the price reached the blue area, short position with confirmation will be wise.
Due to what happened to FTX recently, it will be good opportunity to invest in best DEX currencies like uni, cake and others. also watch out for short positions on centralized exchange's currencies in an appropriate time.
According to the last CPI report and the next FED actions we expect, it seems that we will have a range market till the end of 2022. for now I believe that the range of BTC for this idea is between the two pink areas. approximately area of 18400-18750 and 15600-16000.