Question is did we start an uptrend from 30K? I am not sure about that, and here I have a multi timeframe trend analysis expecting a target below 28k such as 20-24K.
But, it s better to always look for BUY on precious metals/Coins/...
The downtrend is almost complete, we are waiting for the last move to hit something below 1750 probably between 1725-1745 to start a new daily uptrend. So, I expect the Gold to go down some points before looking for the LONG position.
Although the short already started, it has more room to go down especially with after-market price drops on tech stocks such as AMZN. The support level at 14000 is critical so looking for start of a new uptrend to see a new higher high!
Thus, I am looking for a Short and then a Long. Thanks.