Morning everyone ❤️
Today's topic that many people are asking bG and is currently hot is GOLD😍
--> Also very excited, as the assessment from T10 of bG is still on point😁
💥 Now are the levels you all should note down. Currently in a lush green area but dangerous due to overwhelming FOMO:
- Current level - so hot: 4970-4985
This is the new ATH area: D1 is overbought strongly, very cautious when buying new. Because it is usually the area for taking profits or short-term trades --> There may be a fake breakout up to 5000 and then pull back.
- Strong psychological support/resistance level: 5000-5030
If it reaches 5000 but volume decreases, it's very easy to be a bull trap.
If D1 closes above 5000 --> entering the final FOMO phase
--> Current outlook: difficult to break strongly right away, unless there is extremely tight local news.
- Near support: 4880-4900
This is a healthy pullback --> if it holds, the uptrend has not broken. If it falls quickly, it could signal a short-term peak.
- Money flow observation zone: 4760-4800
--> Important technical support: falling back here with decreased volume + RSI of H4 around ~50 is a pullback, not a reversal yet. Otherwise, it will head towards the reversal mark.
- Short-term reversal mark: 4650-4700
D1 closes below this area --> ends the short-term uptrend --> enters a sell/trade.
--->>> This is a very important mark for the trade $BTC : Gold cools down here, money easily shifts to stocks.
- Trend break confirmation mark: 4500-4550
Breaking this mark --> mid-term uptrend ends
--> currently, there are no signs of that.
💥💥 Note: The stronger gold pulls, the higher the RSI --> BTC gets suppressed more --> When gold trades or adjusts to 4800-4700, the trade can easily bounce back.
💥 The big brothers are still operating within the bG note range, nothing has changed.
💥 Just remember that RSI > 80 means the price can turn around at any time, always keep that in mind to remind yourself when you feel FOMO from others.
Love all❤️
