Gold has broken its last resistance before all-time high
In the last traditional markets post I talked about how the SPY could repeat 2018's pattern. Today I'm going to add confluence to that as gold has broken some important resistance levels.
We closed this week at 1970$ despite of the last week's big wick, something that, to be honest, I didn't expect.
I've also added the volume profile since the ATH, and something that has gotten my attention is again, last week's close above the PoC.
In my opinion, we're probably going to retest the all-time high, with a high likelihood of a breakout if the fundamentals stay bullish.
Again, this has been a very short update, but I want to keep my analysis as easy to read as possible. Tomorrow I'll write the Weekly Bitcoin Review, and, as you already know, this has been a volatile week. Thanks for reading!
We closed this week at 1970$ despite of the last week's big wick, something that, to be honest, I didn't expect.
I've also added the volume profile since the ATH, and something that has gotten my attention is again, last week's close above the PoC.
In my opinion, we're probably going to retest the all-time high, with a high likelihood of a breakout if the fundamentals stay bullish.
Again, this has been a very short update, but I want to keep my analysis as easy to read as possible. Tomorrow I'll write the Weekly Bitcoin Review, and, as you already know, this has been a volatile week. Thanks for reading!