Three peaks and a Domed house pattern might be in play for Gold.
Smart money loves moving into gold when FED rates get cut.
IF the fed starts cutting somewhere in the next few months, gold could spike up.
Since gold and BTC are usually negatively correlated, would expect BTC to have a correction while this gold spike happens.
Target for gold is ~2500 which is a 1.618 fib extension of the last rally.
wouldn't necessarily have to play out on the time scale
disclaimer: not financial advice
Smart money loves moving into gold when FED rates get cut.
IF the fed starts cutting somewhere in the next few months, gold could spike up.
Since gold and BTC are usually negatively correlated, would expect BTC to have a correction while this gold spike happens.
Target for gold is ~2500 which is a 1.618 fib extension of the last rally.
wouldn't necessarily have to play out on the time scale
disclaimer: not financial advice
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。