The price broke previous resistance is now testing it as support. Approaching 200EMA will act as additional dynamic support. Current price levels are laying in the node of low volume which isn't ideal, but not tragic. I marked a possible channel with grey-dotted trendlines, but its bottom trendline doesn't look too reliable so I don't know if it will be respected,...
Gold has experienced a good upward trend and has now reached the resistance zone.
Given that after hitting this resistance has experienced a fall, I expect a fall till range bottom.
The second possibility is to be supported on the top of range and break the resistance with strength to experience a good ascent.
BITCOIN: BTCUSD A really exciting ride may be coming to its end. Maybe. And maybe not. Who knows? Whatever, the chart will tell exactly what the next move is going to be.
