If Gold closes above 1980 the will be a possible Bullish continuation but if Gold closes below 1960/1961 I will start looking for Short/ Sell trades
| REASON | Bitcoin currently playing in Falling Wedge Pattern which is a Bullish Reversal pattern meaning Market will be expected to PUSH UP. If market breaks out of the wedge upside then that bullish expectation will be high EXPECTATIONS If BTC breaks above 41000 then i will expect a retest to the wedge and continue upside If BTC breaks below 39234...
Gold currently has created a rounding top pattern on the 15mins that is a Possible Reversal Sign. If Gold Breaks 1961 solidly then market will start dropping. I will be looking for Sell trades after a breakout of 1961. If market fails to break 1961 that will be uptrend continuation then.
Gold is currently dropping and as at now market is in Bullish a Bearish trend confirmation will be if we close solidly below 1961 but for now the current support around 1965 is expected to hold the market
Gold currently in rising wedge signaling a sell of pattern breakout if Gold fails to respect 1990 resistance then i will be looking for sell options around 2000