From elliot waves we can expect #gold to see 2058 in triangle then if confirmed it could see new lows as shown in the picture
after breaking the down trend, Gold could now see the bottom of the ascending channel.
i think bitcoin could be loyal to channel and see 34k for such belief
Gold for a correction in h1 after breaking of the trend line.
after a nice uptrend bitcoin found it self in ending diagonal and broke down by creating a double top. we might see #BTCusd fall for 40K
#gold (#xauusd) could not hold him self above dynamic downtrend line. i think if it couldn't hold the midterm uptrend it will go for longterm uptrend.
After a period of time in Gold counter trend this valuable commodity just broke the ending diagonal and i think it could start a Good Trendline.
i think bitcoin could be resting for a period of time as it goes in wave 4. in weekly chart pattern we obviously see a strong engulfing shooting star which indicates a countertrend for while. while we are having a simple abcd wave 2 therefor we can expect a complex wave 4 in which there must be a lot of fake news about the currency.
bitcoin lost the rising Trend. after pullback it could hit the 6000 and if didn't hold that level then the target is 3000 and 2000 dollars i think big boys have tested Blockchain system and after the death of BTC we will face cryptos of Big companies and banks as well and very soon.
i think the chart shows the whole things
could give a huge R/R have to follow the IR news
could give a huge R/R in 3 different steps... have to follow news about Rate increase
wait for the break then long for a long time... swing trading could give good benefits here...
just waiting for break the neck line and completing the pattern...
it's better to wait for price action candle signals to go short there is good R/R trading option here. we will follow the trade from now on this chart
not an ideal SHS pattern but it's complete somehow and could lead to a great short option. if the last trend line is broken we can short or wait for pullback ( if any ) to short. i don't give triggers so any one earn it by his own. Regards
After testing the Red H line this could be a pulback to the line and while it's in the channel a short could be something worthy
after a great decline the pair has been in valid correction trend. the candles and fibo 50% Retracement collide in 1.3571 and that could be signal area to go short...