Gold is at 68% Can gold bounce?
Hello there, BINANCE:BTCUSDU2023 have tried to break downside LWL 28550 but couldn’t break, as many of you know that Gold and BTC moves opposite side most of time. I had strong belief that BTC would dump due to strong liquidation prices at 14K but it seems it’s not near future i presume. (i just use BINANCE:BTCUSDU2023 as indicator i have tried to trade crypto but not my type). Gold has touched ATH in May 2023 since then i have used EW trying to find (if we are in wave 4 of 5 up to $2100) but they are also other scenarios in that story if you check my previous analysis. Gold currently still in 68% potential wave 2 of 5 up side completing 2080 wave 3. If that is the case we should see big bounce during CPI report in Thursday. If not From July 20th high (previous high) it fits perfect 3 wave 1.61% wave 3 target which we have filled yesterday RHTL. We will drop hard to complete wave 5 of 1 in bigger timeline of Wave A of 4 in diagonal.
Just to know “Best trade is not to trade sometimes”
Cheers gold traders
Just to know “Best trade is not to trade sometimes”
Cheers gold traders
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.