After a significant drop, the price is now undergoing a good upward correction. We anticipate two main scenarios for the price, which are visible in the image. The yellow scenario is more likely, and we will wait for the price's micro-waves in the future.
We have two potential scenarios for the price ahead, and we need to wait for the price to break in one direction, after which it will move in that direction.
The Euro is currently completing its correction in the 4-hour timeframe. We expect two possible price movement scenarios to unfold, and we need to watch for small price movements. Overall, the yellow scenario is more likely to materialize.
The Dollar Index is currently undergoing a bearish correction in the 4-hour timeframe. It is expected that after another bearish cycle, it will be able to resume its upward movement and reach the specified range.
Gold experienced a strong bearish cycle and a good correction in the 4-hour timeframe. Currently, for the upcoming week, we expect the price to continue its downward movement after a short bullish correction and reach the targeted range.
After the weakening of the upward trend, gold is undergoing a short-term correction, the price is expected to fall to the designated areas and then it can start its next upward movement.
In the time of 5 minutes, according to the chart above, you can enter a short position at the price levels of 2021.72 and 2020.33, and in the continuation of the downward trend, you can enter a short position with the price targets of 2011.67 after breaking the price floor of 2016.
According to the downward trend formed in the price of gold, lower sides can be determined according to the chart above and long and short positions can be applied at the bottom and ceiling of the channel until the price reaches the bottom of 1982.
Gold is approaching a very important bearish area. You can enter a sell position in the specified area.
In 1 hour, we will see the price rise to the desired area
Last week, after its correction, it approached the downward trend line, and we can expect a downward trend in the price again in the coming week. In the coming week, the last bullish candle will probably be recorded on the first day, and the price will fall in the rest of the week.
With capital management, you can enter the buy position up to the specified area
Bitcoin has the potential for a short-term correction of up to 45,000 If we see upward movements in Bitcoin, we can expect the price to rise to the 52000 area, which is a very important resistance level for the price, and if the price stabilizes above the 52000 area, we can say that Bitcoin has entered another uptrend cycle.
The presence of fatigue in the price movement is quite evident and is approaching important areas where we can see a downward movement in the price.
Unfortunately, due to the tensions created, Bitcoin is in a state of turmoil. Currently, due to the high power of sellers, in any short-term upward ascent, there is an opportunity to sell and open a short position. With the price pullback to the specified level, you can enter the short position.
Gold is approaching the important resistance area and the position can be sold
Important area for gold - the opportunity to take a short position
The price downtrend is very strong and it is expected that the price will be able to break the support trend line in front of it, which in case of failure can enter the short position in 5 minutes by seeing a confirmatory downtrend. 3 motion modes are predictable for the price. Note that the reason for our entry into the transaction is to see a confirmation candle !!!!