Gold - one final spike before BTC bull run starts
Three peaks and a Domed house pattern might be in play for Gold.
Smart money loves moving into gold when FED rates get cut.
IF the fed starts cutting somewhere in the next few months, gold could spike up.
Since gold and BTC are usually negatively correlated, would expect BTC to have a correction while this gold spike happens.
Target for gold is ~2500 which is a 1.618 fib extension of the last rally.
wouldn't necessarily have to play out on the time scale
disclaimer: not financial advice
Smart money loves moving into gold when FED rates get cut.
IF the fed starts cutting somewhere in the next few months, gold could spike up.
Since gold and BTC are usually negatively correlated, would expect BTC to have a correction while this gold spike happens.
Target for gold is ~2500 which is a 1.618 fib extension of the last rally.
wouldn't necessarily have to play out on the time scale
disclaimer: not financial advice
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.