While Gold has bounced from the lows of the Fall, the upside move hasn't come in an Impulsive Wave which signals alternative options from my perspective. Based on the rules and guidelines of the science, its probable that XAUUSD slips and retests the support level below $1700 in the weeks ahead.
Based on long term, consistent Elliott Wave fractal analysis, I believe there is tremendous chance for Bitcoin to reach $350,000 in the next few years. Investors must pay attention to the massive RSI divergence however. In the most elementary of lessons regarding price action and technical analysis, we should also know that an uptrend + an ascending wedge is a...
SPX/SPY looks to be in C Wave within a Wave 4 correction which is likely to send numbers back up towards 3950/395. The resistance there should be fresh and formidable. I expect that failure will send numbers back down to the lows of 3700/370 where temp support is likely to continue the ping pong action. A pass beyond the range of 3950 is highly unlikely at this point.
