Gold 2020 bull market is now trading in its 5th impulsive wave after big correction. correction also has made bull flag pattern. since 3rd wave is extended wave we can expect 5th truncation at the high of 3rd wave . After the end of 5th wave entire bull market will finish and seller will target for bottom near 1450. At the end of 5th wave we can expect 0.618...
Gold is trading below 1875 horizontal resistance and blue trend line. After breakout of both resistance gold can retest upper white trend line.
Gold trading inside a parallel channel ready to test 1875 resistance near 1.618 projection and upper boundary of channel . After 5th wave we can expect abc correction to 38% retracement near the lower boundary of channel
bitcoin is trading inside a giant yellow parallel channel with a minor green channel. Both the parallel channel are converging near 2017 high. Price is rising high without correction. it can take u turn from here and retrace back to 38% retracement which is at a horizontal support level
gold is trading inside parallel channel . There is another yellow channel inside white channel. buy at the lower trend line of channel or on the breakout of upper trend line.
Bitcoin has breakout channel now. it is retesting it. . it can reverse right from here or retest again upper line of channel
Gold made all time high $2075. Since than it is making abcde correction which has almost finished. This complex correction make perfect foundation for gold bullish rally which will make gold new all time high at $2100. support of this correction being at 1765 and resistance for potential bull market is at $2120. This bearish movement is result of profit taking...
gold is still trading below trend line for bullish trend trendline is necessary to break. On trend line breakout resistance are 1841, 1831 and 1821 because price has already declined a lot profit taking and retracement make it risk to seller to entry
Price had completed its 12345 Bullish impulsive wave than making abc correction to five impulsive wave. Wave c of correction being a parallel declining channel. correction to five impulsive wave has already made 38% fib retracement. ABC correction can test low of 4th wave which is between 50% and 61.8% retracement of previous bullish trend. if this support level...
Bitcoin is rising high after breakout of yellow trendine. It is breaking all the resistance in its way one by one.. This bull rally was started from 3850 which has already given a greedy return . if big boys are riding this trend than they will take some of their profit than that would crash bitcoin like gold. because this price is getting attention of everybody...
2020 bullish trend was rising inside a parallel channel but it had breakout that channel and making correction to bullish trend correction wave are five impulsive wave which are ready to rest resistance which are at 50% fib retracement of trend.
gold is trading inside range between 1900 and 1850. Price is testing support zone , sell on support breakout and retest with macd and rsi reaching oversold primary trend on daily chart being bullish. Any break below 1850 will attract more buyers until 1836 fib level
Support 1862 pivot 1901 resistance 1932
after bullish movement price is making flag abc correction . Buy trade will valid if candle closes above horizontal support . flat correction breakout will make new higher high
after bearsh trend price has made expending triangle chart pattern which is indicating further dollar decline. before further decline it could retest yellow resistance and blue trend line.
Gold is trading in 4th corrective wave while everyone is trying to ride 5th impulsive wave which will take gold to $2100. Anyone can buy gold with SL below 1765 (high of first wave ) support 1847, 1818 invalidation level 1765 1847 has become import support for buyers. Traders who buys at this level can get the chance to 2100 bullish rally if this level is not broken.
On the weekly time frame gold is trading inside a range between 1976 and 1862. S&R in the middle are 1932 and 1901 before making bullish rally to 2k weekly candle is necessary to be closed above 1976.
gold is rising along an ascending trend line with support at 1932 and resistance 1976