BTC still shows a very significant weakness.. this is shown by a very drastic fall.. it is expected that there will be a pullback to complete subwave ii before a free fall occurs..
Gold is in pullback mode..I expect an abc pattern to happen which is the 4th wave. This will provide a buy opportunity for a while..be careful for a stronger drop.
Look for sell...this time we look for fibo 261 as max major pullback
XAU/USD is expected to continue its mid term bullish pattern. Based on direction from Fibo Retracement, Gold bull run will end at the range of 1953 - 1954. In the meantime, the price will hit last resistance at 1932, before retracing to 1913 and continue upward to break resistance until it reaches 1953 - 1954.
A CLEAN BREAK AT THE LOWER TREND LINE IN DAILY TF. WAIT FOR RETRACEMENT AT BRN AREA 1.115 TO FOLLOW SELL.
H1 SHOWS MOMENTUM GOING DOWN. SELLING MODE TO DAILY SUPPORT.
TARGETED ENDING PULLBACK BASED ON H1 FIBO PROJECTION. SHORT TERM BUYING UNTIL MARKED AREAS.