Gold to drop tobefore swing to 2450: Route (a) - 2381 Route (b) - 2350 NOTE: 1. There is a time factor. The yellow metal only has until Friday to hit 2337. BBeyond Friday, no more 2337. 2. Should gold break 2317 mark, then 2337 is assured, followed by quick drop preparing for the flight to 2450
Gold to drop to: Route (a) - 2381 Route (b) - 2350 NOTE: 1. THE TIME FACTOR IS ACTIVE. THE YELLOW METAL ONLY HAS UP TO 00:00 TO HIT 2337. BEYOND 00:00, THEN GOLD WILL TURN FROM 2317. 2. SHOULD GOLD REACH 2337 (BEFORE 00:00), THEN IT WILL MAKE A QUICK MOVE AND DROP IMMMEDIATELY ***Just a humble opinion***
Gold will go up to 2357 creating the cypher harmonic pattern followed by an impulsive nose-dive to the 2280-2308 zone. The asset is still bearish. Just my humble opinion....
Gold is poised to reach 1980 before it can make a downward move. At 1980, the precious metal will form a bearish cypher harmonic pattern. Before that we have to break through 1950 resistance. Currently, gold is trading at 1926 and the price has formed a bullish divergence with the MACD from the two previous lows as can be seen from the white tangent line...
Gold is poised to reach 1980 before it can make a downward move. At 1980, the precious metal will form a bearish cypher harmonic pattern. Before that we have to break through 1950 resistance. Keep ears to the ground for fundamentals. Merely my opinion, not in any way financial advice. Stick to your strategy and manage your risk. All the best.
BTC made a fake breakout (as seen from the break below the yellow line) before it was rejected from the 25K resistance. I expect the price to continue rising and breakout of the descending regression channel to taste the 30K resistance before a massive drop. BTC will keep rising until it forms a bearish cypher pattern at 29K-30K. N.B.: This is merely an opinion....