The price is at strong resistance level. We should be ready to see a price reversal with further falling. The market made a good upward movement and it must be corrected. Bearish divergence gives us a trend reversal signal. RSI confirms price reversal in the overbought zone. MACD histogram supports downward movement and MACD lines are going to give a bearish signal too. We can use pending orders for sell below the uptrend line and entry the market based on a breakout signal. Entry level is 1337.50 with stop orders at 1370.50 level. Profit targets can be 1300.00 and 1250.00 support levels.
Thanks. But why sell at 1370, why not sell at 1350 area?
Judas_Goldrich
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do you believe a significant portion of the money will flow into bitcoin?
solitude79
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Indeed there are bearish signs, and price failed to close above weekly trendline resistance. But there is important support at 1330, and there is also the fact that the DXY broke an important support with lower targets a little below current level.
mcgough_max
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Great post. Thanks for covering Gold!
MrRenev
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Bitcoin correction soon over ==> gold going down lmao
Has been like this for a while...
gciriaco
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I love you( i am not gay) Could you please a little bit more active on gold at least at the Daily charts. I do a lot of crypto but I love gold too. I think you are the messiah of the trading. By the way do not forget to invest in Sirin Labs new project..