BTC forming support zone, expecting to hit resistance and go further towards 65000
Price has built great support and is now heading to a previous resistance zone prior to the bearish trend breakout. If price breaks above this resistance, expect price to head up to 1830 area and above.
XAU has retested a previous major structure, followed by a bearish engulfing prior to it. Expecting price to now drop to 1692 and further. Make sure to use the correct R:R according to your OWN trading plan.
If XAU breaks this resistance, expect price to rise back up. Inititate a trade on 15 M TF once a bullish engulfing closes above the resistance level
XAU has hit a major support zone on the daily time frame, expecting price to head up now. Price retested the zone once and created a minor support zone above it.
XAU is currently heading towards hitting a major support zone, possibly already has, waiting for signals to put an entry in.
Waiting for a bullish engulfing to break out of this minor bearish trendline.
Can see through multiple wick rejections that a major line of support for buyers is building up right now. What do you think? You reckon XAU will head back up after this crazy dump?
BTC is currently in a minor consolidation, once breakout occurs, expect a bullish engulfing as a trade entry