On the 4H there's a Divergence on the MACD and Stochastic targeting the zone of 0.64312
short term bullish on gold on 30M targeting the zone of 1715-1717
after a Hammer candlestick has formed if the next candlestick closes above 1710 then go long
gold is long on 4H chart unless it closes below 1710 then go short
divergence on the the daily frame suggesting reversal and since it hit a major level which is 54 , i see that the downtrend has ended
Btc for the last months has been trading inside a falling wedge which has just broken and its was formed during uptrend so the price target is the major resistance at 12869
The price has touched the 61.8% fibo and rallied because China Presdient Xi Jingping extolled the benefits of blockchain but the price is still going in a downtrend for months so if the price breakout of the trend -most probably it will- the price shall reach 11k , if the price couldn't break the downtrend the price will resume its declining
the price has broken the channel and is now going down to the strong support which is also .786 fibo and also the target for breaking the channel
since 3 jul and price have been making bearish 5-0 harmonic pattern and it's end is 12 sep where price went to 0.68889 which is the .5 fibonacci retracement
price have been making a raising wedge pattern on the 1H frame since sep 15, but most importantly its momentum is going down(lower highs) on the RSI indicator while the price is making higher highs and the price have touched the upper part of the wedge and gone down and there is an important resistance around 1.2520 and 1.2481 so THE PRICE IS GOING DOWN and is...