From the chart we can see price forming a symetric triangular pattern leading a further bullish breakout from the consolidation
between 1.25330 and 1.2800
As you can see on the chart price has formed an inverted Head and Shoulders pattern. Indicating a strong reversal signal since neckline has be broken and retested. so i am anticipating to see more bullish reaction of price on BTC to 45500 zone.This might be possible since TESLA has accepted Bitcoin payment transactions.
GJ has been trading downwards📉 over the last few weeks, mainteining the trendline. Since price is correcting towards the 150.100 to 150.700 supply zone. I expect an impulsive continuation to the downside hereby giving us a bearish Flag continuation pattern 🤔
I see price bouncing off 1773-1774.300 Demand zone, since it has been a very good support. First confluence was the massive wick rejection of price off that zone on the H1 and maybe creating a double bottom on the demand zone will serve as an extra confluence to long Gold to 1788.00 area if broken then we expect price to reach previous supply zone @ 1796🤔
From the chart we can see that price has broken 58000s R/S zone to make new highs up to 60000s. Since 58000s zone is a buying zone price has higher chances of going to hitting our TP🤔.
