Long-term gold analysis: As mentioned in the previous gold analysis, gold has a downward trend in the short term.
This picture is gold in the long-term time frame. In this timeframe, signs of correction were visible on the chart.
Maybe everyone will notice and, after a few months, confidently declare the end of Gold's Bull Run on all timeframes. But I am saying now that there probably won't be a higher price ceiling, and the downward trend will start, or maybe it should be noted that it has already begun.
You can look for a suitable area to enter a position and sell by capital management daily or in fewer time frames.
Many people and traders also believe that Gold and Bitcoin have convergence.
So it can be concluded that you should be more patient in investing and buying Bitcoin and thus all Cryptocurrencies.
This picture is gold in the long-term time frame. In this timeframe, signs of correction were visible on the chart.
Maybe everyone will notice and, after a few months, confidently declare the end of Gold's Bull Run on all timeframes. But I am saying now that there probably won't be a higher price ceiling, and the downward trend will start, or maybe it should be noted that it has already begun.
You can look for a suitable area to enter a position and sell by capital management daily or in fewer time frames.
Many people and traders also believe that Gold and Bitcoin have convergence.
So it can be concluded that you should be more patient in investing and buying Bitcoin and thus all Cryptocurrencies.
Comment:
Correct analysis on Sep 16