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! :')
Nota
Broke below rising wedge as expected. Now we need to see a break below this key support. Nota
Key support break. Bearish. 
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.