Watch for Gold to close above 1810 to go Long! Using the 4 Hour Timeframe.
Buyers are eagerly waiting forBitcoin to break 38,000 to continue to climb higher. We shall see.
Look for bitcoin to break another all time high soon and it seems to move up 5000 pips and then sells off or consolidates.
Follow the price action on the 1hour timeframe and look for BTC to break out of its current ascending wedge.
Watch for the breakout out of pennant! Let me know how you see it.
I had been watching this pair for a few days waiting to see if it wanted to go short or break to the upside. It took a strong swing UP after being in consolidation for over a week. It should go to the 116-117.00 level. from here.
Gold was very volatile today as it reacted to Yellen's announcement. She stated that Interest rate hikes has strengthened...From this point on if Gold stays below 1329 then that is considered a bearish trend has started...
With the employment numbers being very strong today, Gold took a tumble down to the 1335 range. It could possible go further down to 1322 or 1312. Enjoy the ride down with some small pullbacks.
Gold continues in an uptrend, in the short term to go to 1360 Look for a correction between 1358-1360 After the correction, Look to continue Long...