Gold today is making a strong move after hitting a new All-Time High. The current session is red and has the highest volume since November 2024. This is an early signal that can be interpreted as the top being printed. Very early.
Gold peaking can have a strong significance for us Cryptocurrency traders. Gold has been in a strong uptrend since December 2024. Bitcoin peaked and went sideways with bearish tendencies in December 2024. They have been moving in contrary direction. This can mean that a Gold top would produce a Bitcoin bottom.
The Gold peak can mean a change in market dynamics, all markets. Bullish goes bearish and bearish goes bullish.
Gold is still bullish on the weekly timeframe but with a parabolic rise. A parabolic rise tends to end with a sudden crash. A true parabola.
This is a friendly alert to all Gold traders.
XAUUSD is likely to go down.
Confirmation is needed.
Thank you for reading.
Namaste.
Gold peaking can have a strong significance for us Cryptocurrency traders. Gold has been in a strong uptrend since December 2024. Bitcoin peaked and went sideways with bearish tendencies in December 2024. They have been moving in contrary direction. This can mean that a Gold top would produce a Bitcoin bottom.
The Gold peak can mean a change in market dynamics, all markets. Bullish goes bearish and bearish goes bullish.
Gold is still bullish on the weekly timeframe but with a parabolic rise. A parabolic rise tends to end with a sudden crash. A true parabola.
This is a friendly alert to all Gold traders.
XAUUSD is likely to go down.
Confirmation is needed.
Thank you for reading.
Namaste.
Trade active
Alert! Gold will continue lower: There is already a rejection below Fib. 0.236. This also means that the portion of the market that turned bullish when gold turned bearish, will continue bullish. Gold is set to continue bearish, based on this chart.
These three strong red candles are a warning signal. There is always a bounce when this signal comes and the bounce is in. Today. This same day produced a session with a long upper shadow and is bearish again.
Gold lower, Bitcoin higher.
Namaste.
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Disclaimer
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