I'm not active in the stock market but I am following Gold as it could be the next best thing after the crypto bull market cycle will end.
My expectation is that the bull cycle for crypto ends within 6 months from now. Before mid 2022.
As for Gold, it rejected perfectly from the trendline resistance and now it's making a bounce from the 618 fib.
1721 and 1676 are key supports. If broken and closed below on the daily, it's in big trouble.
If it breaks 1875 then I'm pretty confident it will reach 1970 quickly after that.
I'm in no position atm
My expectation is that the bull cycle for crypto ends within 6 months from now. Before mid 2022.
As for Gold, it rejected perfectly from the trendline resistance and now it's making a bounce from the 618 fib.
1721 and 1676 are key supports. If broken and closed below on the daily, it's in big trouble.
If it breaks 1875 then I'm pretty confident it will reach 1970 quickly after that.
I'm in no position atm
Commento:
It reached an 1.618 extension which I can't add after posting. Price was around 2170. Gold moves technical. Uptrend still intact