Gold Might Enter A Major Bear Trend
The price of Gold is on the verge of a major decline. The recent decline to the bottom of the rising wedge that started on March 09, 2020 triggered a massive crash in Bitcoin and other cryptocurrencies. That decline would be minuscule compared to what we risk here if XAUUSD crashed below the rising wedge. It could have a crippling effect on Bitcoin and that is also one of the reasons why I expect BTCUSD to decline below 3k this year and for Gold to decline to $1,500 and lower levels.
LEARNING NEVER STOPS.
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LEARNING NEVER STOPS.
If you liked this analysis, please give it a thumbs up and share it. Comment below with your thoughts and suggestions. Good luck! :')
Note
Broke below rising wedge as expected. Now we need to see a break below this key support. Note
Key support break. Bearish. 
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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.