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
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.